K2 Cuts Forecast on Lower Paintball Demand

K2 Inc., maker of Rawlings-brand and other sporting goods, cut its 2005 forecast by as much as 19% because of reduced demand for paintball products.

Net income will be 66 cents to 68 cents a share, down from as much as 81 cents in the company’s prior forecast, Carlsbad, Calif.-based K2 said.