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Stock impact report

P.A.M. Transportation Services, Inc. Announces Results for the Third Quarter Ended September 30, 2019

P.A.M. Transportation Services, Inc. (PTSI) 
Company Research Source: GlobeNewswire
TONTITOWN, Ark., Oct. 15, 2019 (GLOBE NEWSWIRE) -- P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) today reported net income of $4.6 million, or diluted earnings per share of $0.79 ($0.80 basic), for the quarter ended September 30, 2019, and net income of $21.5 million, or diluted earnings per share of $3.65 ($3.68 basic), for the nine-month period then ended. These results compare to net income of $9.2 million, or diluted earnings per share of $1.52 ($1.53 basic), for the quarter ended September 30, 2018, and net income of $17.9 million, or diluted earnings per share of $2.89 ($2.93 basic), for the nine-month period then ended. Operating revenues decreased 8.1% to $129.0 million for the third quarter of 2019 compared to $140.3 million for the third quarter of 2018. The decrease in operating revenues includes an 18.6% decrease in fuel surcharge revenue from $23.1 million for the third quarter of 2018 to $18.8 million for the third quarter of 2019 as average fuel prices were low Show less Read more
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