By Martin Shwenk Leade

Copyright indiatimes

APTrump said the idea is “subject to SEC approval” and would “save money, and allow managers to focus on properly running their companies.”

US President Donald Trump Monday suggested that US public companies should no longer have to report earnings quarterly, adding that can be done on a six-month schedule instead. In a post on Truth Social, Trump floated the idea of companies no longer providing earnings report on a quarterly basis and switching to semiannual instead.Trump said the idea is “subject to SEC approval” and would “save money, and allow managers to focus on properly running their companies.””This will save money, and allow managers to focus on properly running their companies. Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???’ Not good!!!” Trump said in a Truth Social post.ALSO READ: Ricky Hatton’s cause of death revealed? Ex- world boxing champion’s final moments hours before his demise capturedWhat do the current regulations say?According to the current legislation, companies are requited to report on a quarterly basis, though providing forecasts is voluntary. If what Trump suggests happens, it would be a fundamental change in the way American companies do business, and more closely aligned with how public companies report results in Europe and elsewhere.Live EventsThe rules can be changed either from the Securities and Exchange Commission or could be altered by Congress. Since 1970, the SEC has mandated that public companies report earnings quarterly. The discussion over switching to a semi-annual reporting system isn’t new—this debate also surfaced during President Trump’s first term.Add as a Reliable and Trusted News Source Add Now!
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News ontrump us companies earnings reportTrump earnings report proposalquarterly earnings reportingpublic companies reporting rulesSEC approvalTruth SocialChina management strategySecurities and Exchange Commissiontrump us companies quarterly earningstrump news(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless