corporate oversharing from Marketplace. I'm Sabri Beneshore in for David Brancaccio. In a post on

truth social, President Trump said companies should not have to report earnings four times a year.

Two times year would be plenty enough. He said it would save money and time. Well, Susan Schmidt is

one of the folks who is often looking at quarterly reports.

She's portfolio manager at Exchange Capital Resources and joins us to talk about it. Hi, Susan.

Good morning. You pour over these quarterly reports as part of your job. What do you look for?

How important are these to you as an investor? Those quarterly reports are something that investors

spend a lot of time on

because it's the update from the company of how things are going and importantly their outlook

for the remainder of the year. And it provides tremendous insight and the guide for how

investors are going to treat that stock for the coming months. So what do you think would happen

if we only got those reports

twice year instead of four times year? Well, it would save me a lot of time. But the difference is that I

wouldn't have as explicit detail as is released in those quarterly reports. And that would mean that I'd be

taking bigger guesses, longer time frame of assuming that

the company is going along with my expectations until I get an actual update on the numbers from

them. Those actual numbers on profits, operating margins, expenditures are released in the quarterly

reports. Stretching that out over six-month periods is done.

Some companies in Europe report like that, but it means that I have a longer time frame

without certainty of what actually happened.

Well, you know, President Trump is not the only critic of quarterly reports.

Warren Buffett, Hillary Clinton, and criticize them too.

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