Stocks in Motion: Cabelas

 

Arbitron(ARB Quote) fell after the company lowered its 2004 financial outlook. Citing its inability to renegotiate a new contract with Infinity Broadcasting, Arbitron said that it expected to report $12 million less in annual revenue. Arbitron also said that it expects to report earnings of $1.53 to $1.57 a share. Analysts had expected Arbitron to earn $1.76 during 2004. Shares of Arbitron traded down $2.92, or 7.4%, to $36.75.

NYSE volume leaders included General Electric(GE Quote), down $1.09 to $32.18; Lucent(LU Quote), up 13 cents to $3.80; Pfizer(PFE Quote), down 99 cents to $33.82; Motorola(MOT Quote), unchanged at $18.28; Exxon Mobil (XOM Quote), down $1.02 to $44.25.

Nasdaq volume leaders included Oracle(ORCL Quote), up 30 cents to $11.80; Microsoft (MSFT Quote), up 18 cents to $28.57; Intel(INTC Quote), down 17 cents to $27.78; Cisco (CSCO Quote), down 25 cents to $23.85; Taser International(TASR Quote), up $6.67 to $42.09.

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