PARIS (Reuters) - Shares in French utility EDF (PA:EDF) fell more than 11 percent on Thursday after the company warned of lower earnings in 2017.
EDF shares were down 11.3 percent at 0813 GMT, the biggest loser on the STOXX Europe 600 index (STOXX) and on France's CAC-40 index (FCHI).
EDF underperformed a 0.6 percent rise on France's CAC. Its shares are down by nearly 30 percent so far in 2016.
Late on Wednesday, EDF set a 2017 EBITDA (earnings before interest, tax, depreciation and amortisation) target of 13.7 billion to 14.3 billion euros (11.48 to 11.96 billion pounds)), down from its 2016 EBITDA target of between 16 billion and 16.3 billion euros.