Why are Earnings Reports done after hours?


I looked this up, and found something from 8 years ago. Not sure if links are allowed, even when they go to this sub itself. But just Google “why are earnings reports after hours”.

The top responses back then were to allow investors time to think “rationally” and avoid hysteria.

Well then why does the Fed get to do its whole game at 2pm? Why not make those guys stay late at work too? Like there weren't wild swings in the market today.


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