Trump Urges US Companies to End Quarterly Earnings Reports

Trump Urges US Companies to End Quarterly Earnings Reports

Former US President Donald Trump has called for American companies to stop publishing quarterly financial results, arguing that the practice is costly and distracts executives from focusing on long-term business growth.

Trump suggested that shifting to semi-annual reporting, where firms release figures only twice a year, would ease pressure on corporate leaders and cut expenses linked to frequent disclosures. He maintained that the change would give companies more room to innovate and plan without the constant scrutiny of short-term performance.

The idea echoes long-standing debates in the US business community over whether quarterly reporting encourages excessive focus on short-term profits at the expense of sustainable strategies. While some business leaders and investors have supported less frequent reporting, critics argue that quarterly disclosures promote transparency and help shareholders make informed decisions.

If adopted, the proposal would mark a significant departure from current US Securities and Exchange Commission (SEC) rules, which mandate quarterly reporting for all publicly traded companies.