Brief: P.A.M. Transportation Services Announces Third Quarter Results

PAMT

12/10/2018 17:26

Oct 12 (Reuters) - PAM Transportation Services Inc  PTSI.O :
    * P.A.M. TRANSPORTATION SERVICES, INC. ANNOUNCES RESULTS FOR
THE
THIRD QUARTER ENDED SEPTEMBER 30, 2018
    * Q3 REVENUE ROSE 28.9 PERCENT TO $140.3 MILLION
    * Q3 EARNINGS PER SHARE $1.52
    * EXPECT ADDITIONAL FLEET GROWTH OF A MINIMUM OF 10 PERCENT
DURING
2019
    * PAM TRANSPORTATION SERVICES - "WE BELIEVE IT WILL BE
NECESSARY
TO CONTINUE TO RAISE RATES IN ORDER TO OFFSET OVERALL RISING
INDUSTRY COSTS"
    * PAM TRANSPORTATION SERVICES - "FLEET GROWTH DURING Q3
CONTINUED
TO BE SOMEWHAT SUBDUED"
    * "SIGNIFICANT PORTION OF THIS YEAR'S PLANNED FLEET GROWTH
IS
EXPECTED TO BE REALIZED DURING REMAINDER OF 2018"
    * PAM TRANSPORTATION SERVICES - "EXPECT FLEET GROWTH TREND
TO
CONTINUE DURING 2019"
    * PAM TRANSPORTATION SERVICES - DO NOT EXPECT ADOPTION OF
UNITED
STATES-MEXICO-CANADA AGREEMENT TO HAVE NEGATIVE EFFECT ON CO'S
CROSS-BORDER BUSINESS
    * BELIEVE IT WILL BE NECESSARY TO CONTINUE TO RAISE RATES IN
ORDER
TO OFFSET OVERALL RISING INDUSTRY COSTS

Source text for Eikon:  ID:nGNX1cB54h 
Further company coverage:  PTSI.O 

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