Dick’s Sporting Goods Falls as Forecast Trails Estimates
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Dick’s Sporting Goods Inc. shares fell the most in more than a decade after weak sales of golfing and hunting gear crimped its profit forecast.
The stock tumbled 18 percent to $43.60 at the close in New York, the biggest decline since its initial public offering in October 2002. Shares of Coraopolis, Pennsylvania-based Dick’s have dropped 25 percent this year.