Carrefour Cuts Annual Earnings Target, Shares Fall 10%
Carrefour warned that riots and looting in France could reduce operating income by as much as €200 million ($224 million). Shares fell around 10% in early trading.
Shares in Carrefour EURONEXT:CA fell in early trading on Wednesday after the French retailer cut its annual earnings target, warning that riots and looting in France could reduce operating income by as much as €200 million ($224 million).The stock was down around 10% as of 0726 GMT, the weakest per…