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The quarter was much better than it appeared.
On Holding (ONON 2.66%) stock is down 14% on Tuesday after the company reported fourth-quarter 2023 earnings. But dig into the numbers, and they weren't as bad as they appear.
In this video, Travis Hoium goes through why the market was disappointed and explains why this is a short-term reaction to a great report.
*Stock prices used were end-of-day prices of March 12, 2024. The video was published on March 12, 2024.
Travis Hoium has positions in On Holding. The Motley Fool recommends On Holding. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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