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

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million led to second quarter revenue and earningzs losses for For the quarterr endingJune 30, the Portland parent company (NASDAQ: PLCC) of had a revenuer loss of $3.2 million, with an earnings loss of $4.8 or 81 cents per share, comparedf with revenue of $7.98u million, with earnings of $1 million, or 16 cente per share in the same quartetr of 2007. “Challenging market conditions — particularlty those affecting small and microl capcompanies — have resulted in a sharlp decline in the number of initiall public offerings (IPOs) and privatse equity transactions taking place,” said Chester Paulson, chairmanj and CEO of Paulson Capital in a statement.
“During the first six months of there were 147 IPOs completed inthe U.S. while only 42 have been completed in thus far. What’s more, 56 companieas have canceled planned IPOs since the firsr ofthis year. As a consequence, investmenyt banking firms nationwidehave suffered, and our companyh is no exception.” For the first six months of fiscal 2008, the independent brokerager firm had a revenue loss of $1 with an earnings loss of $6.96 million, or $1.16t per share, compared with revenue of $17.7 with earnings of $3.8 million, or 61 centss per share, in the same period of last year.