WASHINGTON: US President Donald Trump has called for publicly listed American companies to stop reporting earnings quarterly and shift to a half-yearly system instead.
Trump stated that companies should report on a six-month basis rather than quarterly, pending approval from the Securities and Exchange Commission.
He posted on his Truth Social platform that this change would allow managers to focus on properly running their companies.
The SEC has mandated quarterly reporting since 1970, but the debate over switching to a six-month system is not new.
Such a shift would align the United States with the European Union and United Kingdom, though many large EU firms still report quarterly.
Trump also proposed this move during his first term, with proponents arguing it helps managers prioritise long-term growth over short-term targets.
An SEC spokesperson confirmed that Chairman Paul Atkins is prioritising the proposal to reduce regulatory burdens on companies.
Sam Stovall of CFRA Research said moving to semiannual reporting would allow firms to dedicate fewer resources to the process.
Stovall noted that it could help companies save money but might increase market volatility due to less frequent guidance.
He cautioned that reduced reporting frequency could lead to fewer expectation resets and more uncertainty for investors. – AFP
Hence then, the article about trump proposes ending quarterly reporting for us companies was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump proposes ending quarterly reporting for US companies )
Also on site :
- Trump endorses Steven Hilton in California governor's race
- 10 Years Ago Today, Country Music Legend Died on His 79th Birthday After Eerily Predicting He Would
- This 1954 Film Ranked as Alfred Hitchcock's No. 1 'Masterpiece'