GO
Loading...

Enter multiple symbols separated by commas

SiRF Technology Swings to Quarterly Profit

SiRF Technology Holdings reported a quarterly profit but results fell short of Wall Street analysts' expectations.

The company reported income of $2.8 million, or 5 cents a share in the first quarter, compared with a net loss of $11 million, or 22 cents a share, in the year-ago period. Excluding acquisition-related charges, SiRF reported earnings of 21 cents a share.

Revenue rose 28% to $67.3 million from $52.7 million.

Analysts polled by Thomson Financial expected earnings of 22 cents a share on revenue of $67 million.

The San Jose, Calif.-based company provides global positioning systems components and software for GPS navigation equipment makers such as Garmin and TomTom, as well as Research in Motion and Motorola .

SiRF is currently locked in a patent infringement case with Global Locate, a privately-held chipmaker for mobile phones.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • In this frame grab taken from a November 2012 video made available by Paula French, a well-known, protected lion known as Cecil strolls around in Hwange National Park, in Hwange, Zimbabwe.

    The American dentist said he had the correct permits to hunt and kill the lion earlier this month, NBC News reports.

  • Mark Cuban and Donald Trump

    Donald Trump appears to have Mark Cuban's vote, at least in terms of how the billionaire real estate mogul is conducting his political campaign.

  • World cloud Yellen

    CNBC's Big Crunch analyzed every single word from Fed Chair Janet Yellen. Here are the insights from those press conferences.

U.S. Video