Stereo City’s New CEO Alters Reporting Plans
In his first public move as Stereo City Corp.’s new chief executive，Robert Berumen scrapped quarterly chats with industry analysts.
Instead of conducting quarterly conference calls，the company will provide financial results by issuing a ’comprehensive press release.’Industry analyst and television host Donna Nees commented that ’increasingly，companies are abandoning the conference calls with analysts.’
The consumer electronics retailer also said it will communicate details on its progress strictly through quarterly news releases and required government filings.
Stereo City spokesman Greg Lively said that the company would announce second quarter financial results on July 21.

How will Stereo City release its quarterly reports?（）