The debate over quarterly versus semi-annual earnings reporting has resurfaced, with President Trump suggesting a move to semi-annual reportsWhile US companies report quarterly, most international companies report semi-annuallyProponents of semi-annual reporting argue it reduces “short-termism” and could revive IPO markets, while critics warn of lessened transparency and increased potential for illegal activityRevisiting The Corporate Earnings Reporting Frequency DebateThe discussion on how frequently pub ...

By Simon Jessop LONDON (Reuters) - A call by Donald Trump to ditch quarterly corporate reporting has received cautious support from an unlikely source: international investors pushing business to do more on longer-term sustainability issues, many lambasted by the U.S. president. Trump on Monday called for companies to shift to six-monthly updates, adding his voice to those of business heavyweights including Berkshire Hathaway Chair Warren Buffett and JPMorgan CEO Jamie Dimon, who have argued in the past ...

Reporting structure How often should a company update investors about its financials? That debate has been shoved back into the public sphere after President Trump called for earnings to be reported on a semiannual basis, as opposed to the current framework of quarterly results. "This will save money and allow managers to focus on properly running their companies," he wrote in a post on Truth Social.Some history: The SEC has required publicly traded companies in the U.S. to publish their earnings on a ...

`` (Reuters) -Nasdaq CEO Adena Friedman on Monday advocated to provide public companies the option to report either quarterly or semi-annually, as the exchange operator reinforces its support for reforms to reduce reporting burden on publicly listed companies. `` `` The comments come after U.S. President Donald Trump on Monday renewed calls for ending quarterly reports for companies, a move that would mark a major shift for corporate America if approved. `` ```` Trump's idea, which revisits a similar call h ...

季度报告制度争议 - 美国总统提议将上市公司报告频率从季度改为半年制 需获得SEC批准 认为此举可节省成本并让管理层更专注于公司运营 [1] - 部分观点支持季度报告制度 认为90天周期是衡量CEO表现的合适时间框架 能够有效评估公司表现 [2] - 当前制度被批评导致企业过于关注短期业绩 难以进行长期战略规划 上市公司需要不断应对季度业绩压力 [3] 制度变革可能性 - 改变报告频率可能需要国会立法或通过紧急权力实施 [4] - 存在先例显示某些重大变革无需通过国会立法程序 [5] - 若改为半年报告制 可能导致财报季波动性加剧 投资者信息获取频率降低 [8] 企业案例影响 - Under Armour因本季度业绩未达预期而被下调评级 [2] - Eaton公司因新工厂建设进度延迟而面临评级压力 尽管其正在进行电气化转型和产能扩张 [7] - 沃伦·巴菲特是少数能超越季度业绩压力的CEO 其公司不受季度业绩预期束缚 [10] 投资者视角 - 机构投资者通常持有期不足9个月 加剧短期业绩压力 [14] - 部分投资者希望获得更高频率的信息披露 甚至希望每六周获得一次报告 [17] - 季度盈利预估制度被批评过于严苛 导致CFO发言对股价产生过度影响 [12] 行业实践建议 - 可借鉴摩根士丹利Laguna会议模式 允许公司在特定期间与投资者交流 [9] - 巴菲特与Diamond在2018年曾建议上市公司减少或取消季度盈利预估 [11] - 需要平衡资本配置效率与长期决策能力 季度报告制度使企业难以做出长期投资决策 [16]

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. The Trial Balance is CFO.com’s weekly preview of stories, stats and events to help you prepare. Part 1 —  Quarterly earnings under fire, again President Donald Trump revived debate over how often public companies should report results, suggesting Monday on Truth Social that firms move from quarterly to semiannual disclosures. He argued that the shift would cut costs and allo ...