'China has a 50 to 100 year view': Trump says companies should stop reporting earnings on quarterly basis

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.


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What 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.

The 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.