SiRF Tech's Earnings In Line

SiRF Technology Holdings(SIRF Quote) delivered strong growth in its top and bottom lines in the second quarter, the company reported Tuesday.

The San Jose, Calif., company said net income in the three months ended June 30 totaled $2.1 million, or 4 cents a share, up roughly 26% from the $1.7 million, or 3 cents a share, profit at this time last year.

Excluding $8.8 million in employee stock compensation expenses, as well as certain other acquisition related expenses, SiRF said it earned 23 cents a share. Analysts polled by Thomson Financial were looking for 23 cents EPS, excluding stock expenses. ...