NEW YORK (TheStreet) -- NeuStar (NSR) fell 19.8% to $35.08 Thursday following a 2014 forecast that's below analyst estimates.

The telecommunications company announced that it expects earnings of between $3.64 and $3.80 a share in 2014. Analysts surveyed by Thomson Reuters expect earnings of $3.82 per share.

The 2014 forecast and share decline come despite fourth quarter results that exceeded analyst estimates. NeuStar posted earnings of 94 cents a share for the quarter, compared to analyst estimates of 86 cents a share. The company posted revenue of $237.64 million for the quarter ending December 2013, while analysts expected $233.93 million in revenue.

Herb Greenberg recently wrote that NeuStar's plunge is due to a "a bidding process gone awry." In an earlier piece Greenberg explained why NeuStar could be facing a sharp decline.

NSR data by YCharts

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