Australia's Treasury Wine Estates hits over 1-year low on downbeat earnings forecast

Treasury Wine Estates

13/02/2025 24:03

** Shares of Treasury Wine Estates  TWE.AX  fall as much as
8.5% to A$10.2, their lowest level since January 24, 2024
    ** Stock last down 5.7%
    ** Australia's top winemaker sees fiscal 2025 operating
earnings at A$780 million ($489.68 million), which is at the
lower end of its previously projected range
    ** About 2.6 mln shares change hands, vs the 30-day average
of around 2.5 mln
    ** Stock down 7.2% this year, including the day's move


($1 = 1.5929 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))