Paulson Capital reports Q2 revenue, earnings losses - Portland Business Journal:

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million led to second quarter revenue and earnings losse s for For the quarter endingJune 30, the Portland paren company (NASDAQ: PLCC) of had a revenure loss of $3.2 million, with an earnings loss of $4.8 or 81 cents per share, compared with revenues of $7.98 million, with earnings of $1 million, or 16 centw per share in the same quarter of 2007. “Challengingb market conditions — particularly those affectinf small and micro cap companies have resulted in a sharl decline in the number of initialo publicofferings (IPOs) and private equituy transactions taking place,” said Chester Paulson, chairmam and CEO of Paulson Capital Corp.
, in a “During the first six monthw of 2007, there were 147 IPOs completexd in the U.S. markets, whilr only 42 have been completecdin 2008, thus far. What’z more, 56 companies have canceledc planned IPOs since the first of this Asa consequence, investment bankinf firms nationwide have suffered, and our company is no For the first six monthsw of fiscal 2008, the independentr brokerage firm had a revenue loss of $1 million, with an earningw loss of $6.96 million, or $1.16 per compared with revenue of $17.7 million, with earnings of $3.
8 million, or 61 centsx per share, in the same period of last