Treasury Wine Is Taking An Absolute Beating

Fall Competitors run and fall down Coopers Hill during the Cheese rolling event on May 28, 2007 in Brockworth, England. Photo: Getty

Treasury Wine Estates said this morning it expected to make up to $40 million less than it previously predicted for 2013-14.

And now it is taking a beating.

Shares were down more than 17%, or 79 cents to $3.77.

Here’s a link to the live price.

Now read: There’s A Link Between China’s Luxury Crackdown And Treasury Wine’s $40 Million Profit Downgrade

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