Baidu Inc (ADR) (NASDAQ:BIDU), the largest search engine in China, is expected to post its 4Q results on February 26. Chinese internet companies’ shares tumbled on an SEC ruling last month that barred the Chinese units of the Big Four accounting firms—KPMG, Deloitte, PwC, and Ernst & Young—from auditing U.S.-listed companies for six months. The ruling followed the failure of these accounting firms’ units in China to comply with SEC orders for documents needed for investigating some accounting frauds. Baidu Inc (ADR) (NASDAQ:BIDU) shares closed at $ 172.66 on last trade day, by losing -0.71%. Stock 52 week range is $82.98 – $185.50. Company’s market capitalization is $60.42 billion.
SINA Corp (NASDAQ:SINA), operator of SINA.com and social media platform Weibo, is due to report fourth-quarter and full-year earnings on Monday, Feb. 24. Management previously said it expects net revenue for its December-ended fourth quarter between $190 million and $194 million, including advertising revenue of $160 million to $162 million. Revenues will exclude the recognition of $4.7 million in deferred license revenues related to the company’s equity investment in E-House/CRIC. Analysts surveyed by Thomson Reuters anticipate quarterly net income of 46 cents a share on $191.84 million in revenue. SINA Corp (NASDAQ:SINA) stock decreased -1.26% and finished the last session at $72.95. The EPS of the stock remained 0.03. Company’s market capitalization is $4.86 billion.
Equities research analysts at Deutsche Bank lifted their price target on shares of Sohu.com (NASDAQ:SOHU) from $74.00 to $78.00 in a research note issued to investors on Thursday, Analyst RN reports. Deutsche Bank’s price objective would suggest a potential upside of 11.27% from the company’s current price. Sohu.com Inc (NASDAQ:SOHU) stock opened at $75.61 in last trading session and closed at $75.11. The 52 week range of the stock is $39.79 – $87.29 and the day range was $74.17 – $75.61.
Sprint Corporation (NYSE:S) has announced that they are bringing WiFi calling to the Samsung Galaxy Mega and Galaxy S4 mini. The two phones will receive over-the-air software updates that will give them the ability to make phone calls over WiFi.Sprint Corporation (NYSE:S) stock opened at $8.26 in last trading session, and closed at $8.29, trading in the range of $8.21 – $8.71. The stock showed a positive weekly performance of -1.43%.