Australia's Treasury Wine rejects report alleging it inflated profit [Reuters]
TREASURY WINE EST S/ADR (TSRYY)
NASDAQ:AMEX Investor Relations:
tweglobal.com/investors
Company Research
Source: Reuters
Australia's Treasury Wine rejects report alleging it inflated profit - Reuters 2 Min Read (Reuters) - Treasury Wine Estates Ltd ( TWE.AX ) on Thursday rejected a research report that alleged the Australian winemaker had inflated its profits. Hong Kong-based GMT Research said Treasury’s profits may have been inflated by as much as 50% over the past two years. It alleged that the world’s largest standalone winemaker used acquisition accounting to write down inventories, and raised concerns about the difference between operating cash flow and profit. Treasury Wines said in a statement to the Australian Securities Exchange the report was “false and misleading”, and that it would respond specifically to the claims when it announced its preliminary annual results on Aug. 15. Treasury shares quickly recovered from a 7.7% drop in morning trade after the company’s rejection of the claims, climbing as much as 1.8% to A$16.85. The benchmark was up 0.2%. Reuters has not seen the full report, ex
Show less
Read more
Impact Snapshot
Event Time:
TSRYY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TSRYY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TSRYY alerts
High impacting TREASURY WINE EST S/ADR news events
Weekly update
A roundup of the hottest topics
TSRYY
News
- Treasury Wine Estates announces Brighter Future Initiative, in Napa, California [Yahoo! Finance]Yahoo! Finance
- The past five years for Treasury Wine Estates (ASX:TWE) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Agtonomy Expands Successful Pilot Program to Washington, Launching Rental Program to Build Grower Trust and Drive Adoption of Advanced Automation Technology [Yahoo! Finance]Yahoo! Finance
- Treasury Wine Estates launches Italian wine brand Belorante in UK [Yahoo! Finance]Yahoo! Finance
- Entertainment Icon Snoop Dogg and 19 Crimes Expand Cali Wine Collection with New Silky Red Blend, Cali SmoothBusiness Wire