Qube Holdings' (ASX:QUB) fiscal first-half underlying revenue and net profit after tax and amortization (NPATA) exceeded expectations, according to a Thursday note by Jarden Research.

The company posted underlying revenue of AU$2.09 billion, 21.4% higher than Jarden Research's estimate, driven by growth across its core operations, with particular strength in its Patrick division.

QUB also reported underlying NPATA of AU$143 million, 4.6% higher than Jarden's estimates against consensus.

The company also sees NPATA growth of at least 5% for the year, an improvement over previous projections, which were more cautious following strong fiscal 2024 results, Jarden said.

Net interest expense forecast was lowered to AU$79.2 million to AU$ 84.2 million, compared to earlier guidance, for an increase of AU$30 million to AU$35 million above last year's AU$59.2 million, Jarden added.

This updated guidance implies a midpoint of AU$81.7 million for the fiscal year, lower than Jarden estimate of AU$90.6 million.

Jarden Research has a neutral rating and a AU$3.85 price target on QUB.

Shares of the company rose 4% at market close.