STERLING, Va.—NeuStar Inc., a provider of clearinghouse services for communications companies, said Wednesday it swung to a first-quarter loss as a hefty charge offset revenue growth.
For the quarter ended March 31, NeuStar posted a loss of $4.5 million, or 6 cents per share, compared with a profit of $18 million, or 23 cents per share, for the same quarter in 2007.
The recent quarter's loss resulted from a noncash goodwill-impairment charge of $29 million related to the company's Next Generation Messaging business.
Excluding the charge, NeuStar said it posted an adjusted profit of $24.6 million, or 31 cents per share, for the quarter.
Total revenue rose 21 percent to $117.4 million from $97.4 million in the year-ago period.
Analysts polled by Thomson Financial expected a profit of 26 cents per share on $114.4 million in revenue.
NeuStar attributed the sales growth to increases in infrastructure transactions under its contracts to provide telephone number portability services in the United States.
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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