Wall Street Raises Alarm on Trump Ending Quarterly Earnings (1)

For more than half a century publicly-traded US corporations have reported earnings at quarterly intervals, but during an early-morning wave of social media posts on Monday, President Donald Trump reignited a long-standing debate over the requirement.

Trump is pushing for a six-month reporting schedule as opposed to the current every three-months format. Ending quarterly results in favor of a six-month reporting schedule would “save money, and allow managers to focus on properly running their companies,” Trump said.

It’s not the first time Trump has weighed in on the frequency of earnings. Back in 2018, the Republican tweeted in favor of ...