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Why On Holding Stock Was Sliding Today

TheMotleyFool

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Why On Holding Stock Was Sliding Today: https://g.foolcdn.com/editorial/images/744220/shopping-for-sneakers-nike-adidas-athletic-apparel.jpg

Shares of On Holding (NYSE: ONON) were falling today after the footwear company posted disappointing results in its second-quarter earnings report.

As of 10:11 a.m. ET, the stock is down 17%.

The Swiss running shoe company said that revenue jumped 52.3%, or 60% on a constant-currency basis, to $506.7 million, which topped estimates at $477.5 million.

Source Fool.com

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