President Trump wants to change how companies share their results with the public in a big way, calling for semiannual earnings reports instead of quarterly.
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“This will save money, and allow managers to focus on properly running their companies,” Trump said in a Truth Social post on Monday. “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 Calls for Semiannual Earnings Reports
The Securities and Exchange Commission (SEC) requires publicly-listed U.S. companies to report their earnings four times each year, a practice that has been criticized for promoting short-term decision-making among executives. In contrast, European companies report earnings semiannually, while Chinese companies provide lighter quarterly updates with a focus on half-year and full-year reports.
Any change to how public U.S. companies report their earnings would have to first receive SEC approval. The current SEC Chair, Paul Atkins, was appointed by Trump and sworn into office in April.
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