Treasury Wine Estates performance above consensus

Company News

by Rachael Jones

Treasury Wine Estates (ASX:TWE) expects its earnings for the first half of 2018-19 to be above consensus of $332 million.

The company said it expects earnings to be within the range of $335 million and $340 million.

They also reiterated its full year guidance, that earning growth would be 25 per cent.

They also noted continued volatility in response to uncertainty within the US and Asian markets.

Shares in Treasury Wine Estates (ASX:TWE) closed 4.78 per cent lower at $14.25 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.