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Stock impact report

P.A.M. Transportation Services, Inc. Reports Strong Operating Results, Net Loss Driven by Stock Market Losses for the Quarter Ended March 31, 2020

P.A.M. Transportation Services, Inc. (PTSI) 
Company Research Source: GlobeNewswire
TONTITOWN, Ark., April 14, 2020 (GLOBE NEWSWIRE) -- P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) today reported operating income of $9.5 million for the quarter ended March 31, 2020 which represents a 2.1% decrease compared to operating income of $9.7 million for the record setting first quarter ended March 31, 2019. The Company reported a net loss of $1.3 million, or diluted and basic loss per share of $0.23, for the quarter ended March 31, 2020. These results compare to net income of $8.3 million, or diluted earnings per share of $1.39 ($1.40 basic), for the quarter ended March 31, 2019. Each of these periods included unrealized non-cash gains and losses associated with the Company’s investments in marketable equity securities. Excluding the impact of these items, adjusted (non-GAAP) net income for the quarter ended March 31, 2020 was $5.1 million, or adjusted (non-GAAP) diluted and basic earnings per share of $0.88. This compares to adjusted (non-GAAP) net income for the q Show less Read more
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