NeuStar, Inc. (NYSE: NSR) announced results for the quarter ending March 31, 2010 and affirmed its prior guidance for full year 2010 announced on February 10, 2010.
The firm reported the following: Consolidated revenue increased 14% from the first quarter of 2009 to $129.0 million. — Consolidated net income totaled $25.2 million, compared to $24.4 million from the first quarter of 2009. — Earnings per diluted share of $0.33, compared to $0.32 per diluted share from the first quarter of 2009. — EBITDA totaled $52.1 million, compared to $48.0 million from the first quarter of 2009. — Cash, cash equivalents and short-term investments totaled $354.9 million as of March 31, 2010.
“As consumer adoption of new modes of digital communications continues to accelerate, there is increasing demand for seamless connections across the rapidly growing number of devices and endpoints, ” said Jeff Ganek, Neustar’s chairman and chief executive officer. “Our first quarter results reflect our success in responding to our customers’ needs for innovative solutions associated with the growing complexities of their networks. For example, we are developing our new digital media directory, which will allow customers to view video programming on any device, at any time, in any place.”
