NEW YORK (TheStreet) -- Neustar (NSR) reported its 2015 first quarter earnings results after the market close this afternoon and the information services and analysis provider posted better than expected financial results for the most recent quarter.

The company said its adjusted net income was $1.08 per share, a 29% rise from the 2014 first quarter, and above the $1.02 per share analysts polled by Thomson Reuters had forecast.

Revenue for the quarter ended March 2015 grew by 9% to $251.4 million versus the $245.59 analysts had predicted.

"Our first quarter results demonstrate that we are well-positioned to benefit from the evolving strategic partnership between companies marketing and security departments," Neustar CEO Lisa Hook said in a statement.

"Our highly competitive solutions in marketing, security, and data services deliver value for our clients as they grapple with the secular shift to digital and the proliferation of connected devices. Our information services & analytics offerings provide our clients critical, high-value insights in this evolving data-driven marketplace, and make us an important partner to an expanding set of customers," Hook continued.

Shares of Neustar closed up by 0.24% to $28.69 on Wednesday afternoon.

Separately, TheStreet Ratings team rates NEUSTAR INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate NEUSTAR INC (NSR) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity."

You can view the full analysis from the report here: NSR Ratings Report

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