Expeditors International of Washington (EXPD) saw its stock price soar 6.58% at the market open on Tuesday.

The significant price movement was driven by the company reporting first-quarter 2026 financial results that substantially exceeded analyst expectations. Expeditors posted earnings per share of $1.71, beating the consensus estimate of $1.32 by 29.55 percent and representing a 16.33 percent increase from the same period last year. Quarterly revenue of $2.783 billion also surpassed the estimated $2.616 billion by 6.36 percent, marking a 4.39 percent year-over-year increase.

Additional factors contributing to positive investor sentiment include a 13% rise in net earnings to $230 million, an 11% increase in operating income to $295 million, and the return of $288 million to shareholders through share repurchases. Management noted strong performance in airfreight margins and customs brokerage services, despite acknowledging expectations for continued volatility in the freight environment.