TFII · PEAD ↓ 100

TFI International reported Q2 2026 EPS of $1.85 on 2026-07-27, beating the $1.59 consensus by $0.26 (+16.4%).

Print-day reaction was -3.0% versus the prior close, a sharp sell-the-news response despite the material EPS beat. The overnight gap to the T+1 open extended the damage by a further -3.3%, signalling no stabilisation after hours. Over the following two sessions the drift deepened another -9.1%, compounding the initial decline with no meaningful bounce. Cumulative abnormal return of -11.1% versus SPY.US is deeply in PEAD short territory; per the documented pattern, the read is held through 2026-10-22.