NeuStar first-quarter expectations please

Investors appeared pleased with preliminary financial results announced by NeuStar Inc., which offers clearinghouse services to wireless carriers and others, as well as a shakeup in the company’s senior executive team.
NeuStar said it expects revenue from $96.5 million to $97.5 million in the first quarter, marking an increase of at least 26 percent from the same period a year ago. Net income for the quarter is expected to reach anywhere from $16.5 million to $17.5 million, and the company projects a range between $84 million and $88 million in net income for the year.
“NeuStar historically has not provided preliminary estimates of quarterly results, and it is not our intent to do so in the future. However, numerous investor questions led us to believe that there may be confusion relative to the pricing changes in our major contracts that took effect at the start of 2007,” said Jeff Babka, the company’s CFO. “To assure full public disclosure in addressing this confusion, we are announcing our preliminary first-quarter results and providing a reaffirmation of our full-year 2007 guidance.”
The company stock was up more than 7 percent on the news.
In other news NeuStar announced Raymond Saulino, senior VP of business integration, has been appointed to senior VP of sales and business development. Saulino succeeds John Malone, who is leaving NeuStar.