President Donald Trump wants to do away with the quarterly earnings report.
In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.
“This will save money, and allow managers to focus on properly running their companies,” Trump wrote.
Trump asked the SEC to examine the three- versus six-month reporting requirement during his first term. No change was made.
Supporters of the change say quarterly reporting is too costly and time-consuming and discourages companies from wanting to go public. They also say company executives focus too much on hitting quarterly earnings targets and not enough on long-term planning.
The Long-Term Stock Exchange has also been calling for a shift in how often companies are required to report financial results. The LTSE, a stock marketplace that advocates for companies to focus on long-term goals and performance, said earlier this month it will file a petition to the SEC to require companies to report earnings results semi-annually, with the option to file quarterly.
“This petition takes a critical step toward enabling genuinely long-term companies to focus on sustainable growth rather than quarterly noise," said Maliz Beams, LTSE's CEO, in a statement about the planned petition.
Those who favor quarterly earnings say the reports provide investors with valuable financial updates and make them aware of any new risks a company is facing.
A report in 2024 from David S. Koo, an assistant professor of accounting at the Donald G. Costello College of Business at George Mason University, said that more frequent reporting often provides more context and perspective for investors who need to gauge a company's health and prospects.
Koo also said that was the original rationale for the SEC's policy shift in 1970 that required companies to disclose their financial results on a quarterly basis, rather than on a semi-annual basis. It stemmed from a booming post-World War II economy that then ran into a recession. Companies that were thriving during that expansion were then able to hide their shrinking profits during the downturn, which hurt investors.
“The purpose of quarterly reporting was to reduce that information asymmetry,” Koo said.
President Donald Trump speaks with reporters before boarding Air Force One at Morristown Airport, Sunday, Sept. 14, 2025, in Morristown, N.J. (AP Photo/Alex Brandon)
BRISBANE, Australia (AP) — Steve Smith took a brilliant reflex catch to end England's obdurate seventh-wicket partnership and then Ben Stokes' defiant half-century ended quickly as Australia set up a victory chase of just 65 for a 2-0 Ashes series lead.
It was a tale of two captains.
England skipper Stokes had dug in, curbing his attacking instincts, to get England through the first three hours on Day 4 unscathed and give the tourists a small lead after starting Sunday 43 runs in arrears in the day-night test at the Gabba.
Stokes shared a 96-run stand with Will Jacks (41) that got England to the brink of the night session, but that ended when Smith — Australia's stand-in captain — took a stunning one-hander diving to his left at slip off Michael Neser's bowling to break the partnership.
That was the momentum changer. The slide then happened quickly, with England losing four wickets for 17 runs to be all out for 241 in its second innings and Neser finishing with a five-wicket haul.
Stokes took a single to reach his 50 from 148 balls, the second-slowest half century of his career. It was only four balls behind the 152 he needed to make 50 at Headingley in 2019, where he scored an unbeaten 135 with the tailenders to guide England to a stunning, unexpected, one-wicket Ashes victory chasing 359.
This time, he didn’t go on. He was caught behind by wicketkeeper Alex Carey standing up to the wickets to Neser.
Stokes twirled his bat in the air in disbelieve and smacked the front of his helmet as he strode off.
At that stage, England was 227-8. Brendan Doggett dismissed Gus Atkinson to make it 231-9, with Smith taking a regulation catch this time. Neser (5-42) and Smith combined to remove Brydon Carse (7) to end the innings.
England had resumed Sunday at 134-6, and took an hour and 36 minutes — 18.2 overs — to score the 43 runs needed to erase the deficit, batting watchfully against an Australian attack.
Stokes dispensed with Bazball and pragmatically set about reviving England's Ashes prospects with a watchful 36 in the first session of the day.
It gave England a 16-run lead at the break but, more important, it kept the day-night match alive at the Gabba and ensured Australia would have to bat again.
The Australian attack bowled a tight line and length and mixed it up with some short-pitch deliveries in an attempt to entice the usually aggressive England batters to have a go.
Stokes and Jacks resisted the temptation for the entire afternoon session, knowing that a wicket would expose the tailenders. It was a completely different approach to England's usual attack-at-all costs mentality that has attracted wide criticism in the first two Ashes tests so far.
Australia won the series-opening test on Day 2 of the scheduled five. At least the second test has gone well into a fourth day.
AP cricket: https://apnews.com/hub/cricket
Australia's Michael Neser, second left, celebrates with teammates the wicket of England's Will Jacks during the second Ashes cricket test match between Australia and England in Brisbane, Sunday, Dec. 7, 2025.. (AP Photo/Tertius Pickard)
England's captain Ben Stokes lies down after being hit by the ball during the second Ashes cricket test match between Australia and England in Brisbane, Sunday, Dec. 7, 2025.. (AP Photo/Tertius Pickard)
Australia's Michael Neser shows the ball after getting five wickets during the second Ashes cricket test match between Australia and England in Brisbane, Sunday, Dec. 7, 2025.. (AP Photo/Tertius Pickard)
England's captain Ben Stokes throws bat after loosing his wicket during the second Ashes cricket test match between Australia and England in Brisbane, Sunday, Dec. 7, 2025.. (AP Photo/Tertius Pickard)
England's captain Ben Stokes plays a shot during the second Ashes cricket test match between Australia and England in Brisbane, Sunday, Dec. 7, 2025.. (AP Photo/Tertius Pickard)
England's Will Jacks plays a shot during the second Ashes cricket test match between Australia and England in Brisbane, Sunday, Dec. 7, 2025.. (AP Photo/Tertius Pickard)
England's captain Ben Stokes reacts in the hot condition during the second Ashes cricket test match between Australia and England in Brisbane, Sunday, Dec. 7, 2025.. (AP Photo/Tertius Pickard)
England's captain Ben Stokes avoids a bouncer during the second Ashes cricket test match between Australia and England in Brisbane, Sunday, Dec. 7, 2025.. (AP Photo/Tertius Pickard)
