Federer-Backed Shoemaker Drops as Revenue Surge Fails to Impress

yahoo finance

Swiss shoemaker On Holding AG fell after posting earnings and sales growth that failed to satisfy investors after the company’s stock almost doubled this year.

“I don’t think there is anything disappointing about the report,” said Cristina Fernandez, an analyst at Telsey Group. “The stock is up a lot this year and some investors could be selling into the strength.”

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