SEC to propose that companies report earnings twice a year

The Securities and Exchange Commission is preparing a proposal to let companies report earnings twice a year instead of quarterly, sources say. It would make quarterly reporting optional, not remove it entirely.

The plan could be announced as early as next month, following talks with major stock exchanges. After publication, it will go through a public comment period of at least 30 days before the SEC votes.

Support for the change has grown since last year, with backing from President Donald Trump and the Long-Term Stock Exchange. Supporters argue that fewer reports could cut costs and encourage more firms to go public.

However, investors may resist the move, as quarterly updates provide transparency. 

The US has required such reporting for over 50 years, though Europe and the UK have already relaxed similar rules.