Gives out wrong times (5)
I believe the answer is:
emits
'gives out' is the definition.
('emit' can be a synonym of 'give out')
'wrong times' is the wordplay.
'wrong' indicates anagramming the letters.
'times' with letters rearranged gives 'EMITS'.
(Other definitions for emits that I've seen before include "Gives off, discharges" , "Smite (anag)" , "releases" .)