12:11 PM EST, 11/12/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.)

On (ONON) shares rose nearly 20% in recent Wednesday trading after the company posted better-than-expected Q3 results and raised its 2025 revenue guidance.

The company reported Q3 adjusted earnings Wednesday of 0.43 Swiss franc ($0.54) per diluted class A share, up from 0.15 franc a year earlier.

Analysts polled by FactSet expected 0.27 franc.

Net sales for the quarter ended Sept. 30 were 794.4 million francs, compared with 635.8 million francs a year earlier.

Analysts polled by FactSet expected 763 million francs.

The company said it now expects 2025 net sales of 2.98 billion francs, up from its previous outlook of 2.91 billion francs. Analysts polled by FactSet expect 2.97 billion francs.

Price: 42.19, Change: +7.01, Percent Change: +19.93