021907

Xinhua Results Beat Forecasts

Chinese news and data vendor Xinhua Finance reported its 2006 financial results last week, beating its forecasts with rises of 59 percent and 82 percent in revenue and net income, to $175 million and $18.7 million, respectively. Highlights of the year included the acquisitions of Glass Lewis and Praedea, renaming them Mergent Data Tech within Xinhua's ratings business, and the launch of several new financial news products. The vendor is forecasting revenues of $