NeuStar Q1 Profit Declines; Backs FY14 Outlook

(RTTNews) - NeuStar Inc. (NSR) reported that its first-quarter net income was $31.7 million, down from $33.8 million in the prior year period. Earnings per share for the latest first quarter were $0.50, same as last year.

For the latest first quarter, adjusted net income declined to $52.4 million from $54.1 million in the year-ago period. Adjusted earnings rose to $0.84 per share from $0.80 per share in the previous year period. On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.88 per share. Analysts' estimates typically exclude special items.

Total revenue for the quarter was $229.90 million, up 6% from $216.42 million in the comparable quarter last year, while nine analysts had a consensus revenue estimate of $230.12 million.

Looking ahead to fiscal 2014, the company continues to expect adjusted earnings per share to be in the range of $3.64 to $3.80 and revenues in the range of $945 million and $970 million.

Analysts currently expect the company to report earnings of $3.77 per share on revenues of $957.11 million for fiscal 2014.