J.B. Hunt Transport Services (NASDAQ: JBHT) saw its shares plummet 6.01% in after-hours trading on Tuesday following the release of its first-quarter earnings report. The company's financial results painted a mixed picture, failing to fully meet investor expectations.

The transportation and logistics giant reported earnings per share (EPS) of $1.17, slightly beating the analyst consensus estimate of $1.15. However, this figure represents a decline from $1.22 per share in the same quarter last year. Revenue for the quarter came in at $2.92 billion, narrowly surpassing the expected $2.90 billion but still down from $2.94 billion in the previous year.

While J.B. Hunt managed to edge out expectations on both EPS and revenue, the year-over-year declines in these key metrics likely contributed to the negative market reaction. Investors may also be concerned about the company's net income, which fell to $117.7 million, missing the analyst estimate of $118.1 million. The transportation sector continues to face challenges, including economic uncertainties and fluctuating demand, which could be impacting J.B. Hunt's performance and outlook.