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The Renewed Bid To End Quarterly Earnings Reports
Public companies in the U.S. have dutifully shared financial results with investors every three months for the past 50-plus years. A new proposal hopes to change that. WSJ: The Long-Term Stock Exchange plans to petition the Securities and Exchange Commission to eliminate the quarterly earnings repor...
It says the idea would save companies millions of dollars and allow executives to focus on long-term goals instead of worrying about hitting quarterly targets or prepping for earnings calls. LTSE representatives recently discussed their proposal with SEC officials and left the meeting encouraged, people familiar with the matter said. The group thinks such a move could revive the shrinking number of public companies, which some see as an existential threat for the American economy and investors.
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