Neustar dials up profit growth

Investor's Business Daily

The provider of call routing, network management and other telecom services said earnings per share soared 189% to 75 cents per share on higher sales, topping estimates by 3 cents. Neustar's (NSR) revenue accelerated 23% to $214.2 mil amid a transition into the information and analytics sector and completed a major acquisition last year, roughly in line with estimates of $214.3 mil. The company forecast '13 EPS of $3.28-$3.43, well ahead of Wall Street's target of $3.22. Shares rose 0.1% to 45.

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