Internet Capital Group Inc. today announced third-quarter net income of $3.1 million (8 cents a share), compared with $22.5 million (58 cents a share) in the year-ago period.

The Wayne-based company, which acquires and builds Internet software and service firms, said that results for the quarter ended Sept. 30 reflect $8.5 million of net gains, mainly from the sale of marketable securities, compared with $34.1 million of net gains in the prior-year period, mainly related to the sale of a business unit.

Aggregate revenues from ICG's seven core business were down about 2 percent from the prior year's quarter ($67 million over $68.1 million), but aggregate earnings before interest, taxes, depreciation and amortization improved to $1.8 million from the comparable period's loss of $5.3 million.

"Our stated goals at the beginning of 2009 were to significantly improve Aggregate EBITDA, exclusive of stock-based compensation and unusual items, while growing revenues," said Kirk Morgan, ICG's chief financial officer.

ICG, whose stock price has ranged from $3.04 to $8.62 in the last 52 weeks, was trading at $7.42, up 57 cents, shortly before noon today.    - Roslyn Rudolph