When must a company announce earnings?

By Investopedia Staff AAA
A:

The Securities & Exchange Commission (SEC) requires companies to file earnings reports no later than 45 days after the end of their first three quarters, and their quarterly and annual reports 90 days after their fiscal year end. Companies file quarterly earnings reports on Form 10-Q or 10-QSB and yearly earnings reports on Form 10-K or 10-KSB. A company can file these reports or announce earnings publicly whenever it chooses, provided it follows the 45- and 90-day guidelines set forth by the SEC.

However, in an attempt to make information available to the public in a more timely manner, the SEC adopted rules on August 27, 2002, that saw these 45- and 90-day requirements reduced to 35 and 60 days, respectively. The tightening of filing requirements, however, affects only public companies that have a public float of at least $75 million and have been subject to the Securities Exchange Act of 1934 for at least 12 months. The change in time periods was phased in over three years, starting November 15, 2002. For the first year, companies were allowed the 45- and 90-day requirements, then 40- and 75-day requirements the second year, and then 35- and 60-day requirements for the years thereafter.

Many websites have the release dates for earnings reports of publicly traded companies.

RELATED FAQS

  1. Who regulates a credit rating agency?

    Find out how American and international regulators interact with Credit Rating Agencies, and learn about the rules adopted ...
  2. What are the differences between dilutive securities and antidilutive securities?

    Learn how investors and accountants apply the terms "dilutive" and "antidilutive" to securities or the exercise of security ...
  3. How much should my profit margins be?

    Understand some of the major factors you need to consider before you set a target profit margin on the merchandise for your ...
  4. How are effective tax rates calculated from income statements?

    Learn how to read an income statement and how to find the information necessary to calculate a company's effective income ...
RELATED TERMS
  1. Book Value Reduction

    Reducing the value at which an asset is carried on the books ...
  2. Plant Patent

    An intellectual property right that protects a new and unique ...
  3. Patent Agent

    A professional licensed by the United States Patent and Trademark ...
  4. Appraised Equity Capital

    The excess of the market value of an asset over its book value. ...
  5. Asset Liquidation Agreement (ALA)

    A contract between the Federal Deposit Insurance Corporation ...
  6. Adverse Domination

    A legal doctrine that allows regulators to bring litigation against ...
Related Articles
  1. Can Getting One Month Ahead Save Your ...
    Budgeting

    Can Getting One Month Ahead Save Your ...

  2. Main Characteristics of Capitalist Economies
    Economics

    Main Characteristics of Capitalist Economies

  3. Understanding Intellectual Property
    Investing

    Understanding Intellectual Property

  4. Six Economic Reasons For Hong Kong Independence ...
    Economics

    Six Economic Reasons For Hong Kong Independence ...

  5. What Documents Do I Need For Mortgage ...
    Credit & Loans

    What Documents Do I Need For Mortgage ...

Trading Center