Question from the Peanut Gallery
Why would you use a colon and not a comma before a quote?
In a press release, the company president stated, “We had our best quarter ever.”
Commas may be used for short quoted statements like this one, particularly in dialogue. For longer quotations, colons are preferred.
I should have used an ellipsis ( … ) in this clip of a longer statement to show that it was in fact much longer (as is most annual report commentary.)