Warren Buffett and Jamie Dimon have called on companies to discontinue quarterly earnings forecasts. So far, corporate America has balked at the idea, although Apple suggested on Thursday it may be listening.
The two men co-wrote an editorial in June in which they urged companies to abandon the practice of providing quarterly earnings guidance.
The same number of S&P 500 Index members issued guidance for adjusted earnings per share in their most recently completed quarter as they did for the same period in 2017—101 in total. Fewer companies—57 in 2018, vs. 61 in 2017—released guidance for GAAP earnings.
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