BUZZ-Australia's Treasury Wine Estates extends losses on weak outlook, buyback scrap

Reuters

Dec 19

BUZZ-Australia's <a href="https://laohu8.com/S/TSRYF">Treasury Wine Estates</a> extends losses on weak outlook, buyback scrap

** 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))

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11:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's <a href=\"https://laohu8.com/S/TSRYF\">Treasury Wine Estates</a> extends losses on weak outlook, buyback scrap</title></head><body><p>** Shares of Australia's <a href=\"https://laohu8.com/S/TSRYY\">Treasury Wine Estates</a> <span>TWE.AX</span> slip for a third session in a row after company scrapped its buyback plan and projected a weak earnings outlook on Wednesday</p><p>** Stock down 0.8% at A$4.91 on the day</p><p>** 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</p><p>   ** The luxury winemaker on December 17 <span>said</span> 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</p><p>** 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</p><p>** TWE down 66.6%, YTD </p><p>($1 = 1.5135 Australian dollars)</p><p> (ednesdayReporting by Shruti Agarwal in Bengaluru)</p><p> ((Shruti.Agarwal@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TWE.AU","symbol_name":"TREASURY WINE ESTATES LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251219:nL6N3XP06G:1","article_id":"2592134634","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592134634","pubTimestamp":1766114003,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and 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