SEC Reportedly Plans To Allow Half-Yearly Earnings Announcements From Publicly-Listed Companies

The Wall Street Journal reported on Monday, citing people familiar with the matter, that the SEC is looking to do away with the need to report earnings every quarter, instead giving companies the choice to report its results only two times in 12 months.

The U.S. Securities and Exchange Commission (SEC) is reportedly planning a proposal that allows publicly traded companies the choice of sharing their earnings only twice a year.

The Wall Street Journal reported on Monday, citing people familiar with the matter, that the SEC is looking to do away with the need to report earnings every quarter, instead giving companies the choice to report its results only two times in 12 months.

As per the report, the regulator could publish the proposal as early as next month. 

Get updates to this developing story directly on Stocktwits.<