Evolving Practice For Earnings Announcements
Last month, Goldman Sachs released their quarterly earnings report exclusively through their Twitter account and company website, rather than by press release through an established newswire. While a Twitter release may make sense for a company as widely followed as Goldman Sachs, it may not be a good choice for most public companies. All companies, however, should review their earnings release practices in the current environment, including in light of recent NYSE rule changes for the release of material news. Read about Goldman’s Twitter release in Forbes. Read more about the use of social media to satisfy regulation FD and the new NYSE rules for release of material news.