(RTTNews) - Acorn International, Inc. (ATV: News ) reported third quarter net income attributable to Acorn of $2.65 million, compared to net loss attributable to Acorn of $10.78 million last year. Income per ADS was $0.09, compared to a loss per ADS of $0.38 in the same period last year.

Net income from continuing operations was $2.5 million compared to a $11.9 million net loss for the third quarter of 2008.

Income per ADS from continuing operations was $0.09, compared to a loss per ADS from continuing operations of $0.42 in the same period last year.
Non-GAAP income per ADS from continuing operations was $0.10, compared to a loss per ADS from continuing operations of $0.08 in the same period last year.

Total net revenues grew 28.0% to $91.84 million from $71.73 million for the third quarter of 2008.

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by RTT Staff Writer

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