By  on June 30, 2008

PARIS — Carrefour, the world's second-biggest retailer after Wal-Mart Stores Inc., saw its stock fall by more than 7 percent Friday after it cut its forecast for operating profit.

The hypermarket operator said after the market closed on Thursday that operating profits would grow at about the same rate as sales if the trading environment did not deteriorate. Carrefour's shares closed down 7.84 percent to 34.91 euros, or $55.14 at current exchange, on the Paris Bourse.

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