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AXA issues profit warning, shares crash 15.18 percent

The French and global insurance group AXA issued a warning on Tuesday that operating profit this year would be less than expected, and its shares dropped by 15.18 percent to 11.40 euros.

AXA said that it now expected operating profit for 2008 to be 3.6-4.0 billion euros (11.6-5.1 billion dollars), having forecast previously that it would be in line with last year's 4.96 billion euros.

AFP Global Edition |

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