Hanesbrands stock rallies on hiked outlook

Nuveen California Municipal Value Fund

Change company Symbol lookup

Select an option...

NCA Nuveen California Municipal Value Fund

SGOL abrdn Physical Gold Shares ETF

GAB-K Gabelli Equity Trust Inc

GAB-H Gabelli Equity Trust Inc

GAB-G Gabelli Equity Trust Inc

AAL American Airlines Group Inc

ARKF ARK Fintech Innovation ETF

PNR Pentair PLC

AMD Advanced Micro Devices Inc

IDAI T Stamp Inc

Company profile

Nuveen California Municipal Value Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's objective is to seeks current income exempt from both regular federal income taxes and California personal income tax. Its secondary investment objective is the enhancement of portfolio value. The Fund invests in municipal securities that are exempt from federal and California state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund also invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. It also invests in inverse floating rate municipal securities. Its investment adviser is Nuveen Fund Advisors, LLC.

Hanesbrands stock rallies on hiked outlook

4:56 pm ET January 12, 2023 (MarketWatch) Print

Hanesbrand Inc.'s (HBI) stock rallied in the extended session Thursday after the apparel company hiked its outlook, and announced a search for a new chief financial officer. Hanesbrands shares much as 8% after hours, following a 1% decline to close at $7.95. The company said it expects fourth quarter sales to be "slightly above" the top end of its outlook range of $1.4 billion to $1.45 billion. The company also forecast fourth-quarter adjusted earnings of 4 cents to 11 cents a share. Analysts surveyed by FactSet expect earnings of 7cents a share on revenue of $1.42 billion, Hanesbrands also said CFO Michael Dastugue resigned, effective Feb. 28, 2023 for family reasons. Scott Lewis, Hanesbrand chief accounting officer, will serve as interim CFO until a successor is found.

-Wallace Witkowski

(END) Dow Jones Newswires

January 12, 2023 16:56 ET (21:56 GMT)