Media and branding company Acorn International (ATV +4.5%) rallies after its Q3 results beat...

|About: Acorn International, Inc. (ATV)|By:, SA News Editor

Media and branding company Acorn International (ATV +4.5%) rallies after its Q3 results beat estimates on strong performance from its direct sales unit. Net revenue increase 18% Y/Y as top line growth was boosted by a 520 basis point increase in gross margin to 42.0% from 36.8%.