NeuStar cuts revenue guidance, issues profit prediction

STERLING, Va.—NeuStar Inc., a provider of clearinghouse services for communications companies, on Wednesday cut its 2008 revenue guidance and issued a disappointing profit prediction for the year, citing reduced contributions from one of its businesses.

NeuStar said it now expects its 2008 revenue to total between $500 million and $515 million, down from its previous prediction of over $515 million.

Analysts polled by Thomson Financial expect $512.3 million in revenue for the year. NeuStar said its new prediction includes about $20 million in revenue from its NeuStar Next Generation Messaging business, down about $15 million from its previous prediction.

The company also projected a 2008 profit of more than $70 million, or more than 90 cents per share. Analysts, on average, expect a profit of $1.31 per share.

NeuStar shares fell 21 cents to $28.14 in aftermarket trading, after rising 9 cents to $28.35 in the regular session.

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