Baidu.com, Inc. (ADR)(NASDAQ:BIDU) is schedule to report its second quarter earnings on Monday after market hours. Although analysts are estimating the company to continue to show solid growth, but the pace of growth is expected to slow down significantly. Average analysts are estimating the company to report adjusted earnings $1.12 a share, up 55.50% from a year ago profit of 72 cents a share. In the past 3 quarters, the company had witnessed a quarterly growth of about 70%. Revenue is projected to grow by 61% to $850.78 million, versus a year ago revenue of $528.36 million.
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Shares of BIDU have been under heavy selling pressure ever since it had reported its first quarter earnings and the stock tumbled over 23% since then. Moreover, last week the stock slipped below $100 mark and made a new 52-week low $100. Investors have been selling off the stock as the growth of China’s economy fell below 8% for the first time in the past 8 years.
Texas Instruments Incorporated(NASDAQ:TXN) is also slated to report second quarter earnings after market hours. Analysts are estimating the company to report a double digit fall in profit and single digit decline in revenue. Average analysts are estimating the company to report adjusted earnings 41 cents a share, down 28% from a year ago profit of 57 cents a share. Revenue is estimated to fall by 3.20% to $3.35 billion, versus a year ago revenue of $3.46 billion. The entire Semiconductor sector has been under severe selling pressure on weakening gross margin. However, analysts believe that the bottom is near for the sector.
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