Sharper Image reduces forecast

Sharper Image Corp, which sells robotic vacuum cleaners and massage chairs, reduced its full-year profit forecast because holiday sales were disappointing. The shares fell as much as 15%.

Earnings in the fiscal year ending January 31 will be 90 cents to 95 cents a share, San Francisco-based Sharper Image said today in a statement. The company previously said it would earn $1.29 to S1.34.

The company expects to earn 94 cents to 99 cents in the fourth quarter.