06:06 AM EDT, 05/14/2024 (MT Newswires) -- On Holding ( ONON ) reported Q1 adjusted earnings Tuesday of 0.33 Swiss francs ($0.36) per diluted class A share, up from 0.15 francs a year earlier.

Analysts polled by Capital IQ expected 0.14 francs.

Net sales for the quarter ended March 31 were 508.2 million francs, up from 420.2 million francs a year earlier.

Analysts surveyed by Capital IQ expected 497.7 million francs.

The company said it expects 2024 net sales of at least 2.29 billion francs. Analysts polled by Capital IQ expect 2.27 billion francs.

Shares of the company were up more than 9% in recent Tuesday premarket activity.

Price: 33.50, Change: +2.81, Percent Change: +9.16