** Shares of Australia's Treasury Wine Estates TWE.AX slip for a third session in a row after company scrapped its buyback plan and projected a weak earnings outlook on Wednesday

** Stock down 0.8% at A$4.91 on the day

** Stock has lost 10.6% since resuming trading on Wednesday after a two-day halt, set for its worst week since late March, if losses hold

** The luxury winemaker on December 17 said it expects first-half EBITS in the range of A$225 million ($148.66 million) to A$235 million, which is lower than the A$391.4 million a year earlier

** Co also cancelled the balance of its planned on-market share buyback of up to A$200m, after repurchase of shares worth A$30.5 million was completed in 1Q26

** TWE down 66.6%, YTD

($1 = 1.5135 Australian dollars)

(ednesdayReporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))