Performance Sports Slashes Profit Forecast – Wall Street Journal

Performance Sports Group Ltd. slashed its earnings forecast on Tuesday, citing weakness in the baseball and softball equipment markets, the bankruptcy of a customer and extra bad debt reserves for U.S. hockey customers.

Shares of Performance Sports–which makes gear for a variety of sports sold under brands such as Bauer, Mission and Easton–plunged 31% to $6 in premarket trading. The stock has plunged 55% over the past year, through…