Dick's Sporting Goods ( DKS) plunged 7.5% to $46.80 after the company cut its earnings outlook for the year and reported disappointing earnings amid lower consumer spending on athletic and seasonal items. -- Written by Laurie Kulikowski in New York. Follow @LKulikowski To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com. >To submit a news tip, email: firstname.lastname@example.org. Follow TheStreet on Twitter and become a fan on Facebook.