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

torbjorntrainer1738.blogspot.com
million led to second quarter revenue and earnings lossews for For the quarted endingJune 30, the Portland parent compan y (NASDAQ: PLCC) of had a revenue loss of $3.2 with an earnings loss of $4.8 or 81 cents per share, compared with revenuee of $7.98 million, with earningx of $1 million, or 16 cents per sharwe in the same quarter of 2007. “Challenging market conditions — particularly those affecting smallp and micro cap companies — have resulted in a sharp declinew in the number of initial publi c offerings (IPOs) and private equity transactions takin place,” said Chester chairman and CEO of Paulson Capital Corp.
, in a “During the first six montha of 2007, there were 147 IPOs completed in the U.S. markets, while only 42 have been completedein 2008, thus far. What’s more, 56 companies have canceled planned IPOs since the first of this Asa consequence, investmenty banking firms nationwide have suffered, and our companh is no exception.” For the firs six months of fiscal the independent brokerage firm had a revenue loss of $1 with an earnings loss of $6.9t6 million, or $1.16 per share, compared with revenue of $17.87 million, with earnings of $3.8 million, or 61 cents per in the same periods of last year.