ZURICH (AP) — ZURICH (AP) — On Holding AG (ONON) on Tuesday reported third-quarter profit of $59.2 million.

On a per-share basis, the Zurich-based company said it had net income of 20 cents. Earnings, adjusted for stock option expense, came to 22 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The running-shoe and apparel company posted revenue of $543.8 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $518 million.

On Holding expects full-year revenue of $2.03 billion.

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