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0.0104294478527606 0.0104294478527606 0.0184049079754602 0.0184049079754602 0.0429447852760736 0.0736196319018404 0.119852760736196 0.0656441717791411
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P.A.M. Transportation Services, Inc. Announces Results for the First Quarter Ended March 31, 2017

P.A.M. Transportation Services, Inc. (PTSI) 
Company Research Source: GlobeNewswire
TONTITOWN, Ark., April 27, 2017 (GLOBE NEWSWIRE) -- P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) today reported net income of $2,283,164 or diluted and basic earnings per share of $0.36 for the quarter ended March 31, 2017. These results compare to net income of $2,934,651 or diluted and basic earnings per share of $0.41 for the quarter ended March 31, 2016. Operating revenues increased 5.6% to $109,404,531 for the first quarter of 2017 compared to $103,589,221 for the first quarter of 2016. The increase in operating revenues includes an increase in fuel surcharge revenue from $9,940,274 for the first quarter of 2016 to $15,801,816 for the first quarter of 2017 as fuel prices were significantly higher during the first quarter of 2017 compared to the first quarter of 2016. Daniel H. Cushman, President of the Company, commented, “The first quarter of 2017 was somewhat of a continuation of the trends we experienced in 2016 where we saw higher costs and downward rate pressur Show less Read more
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