February 6, 2012 (Chinavestor) The earnings season has started out with a huge disappointment for Chinese stocks. China's fourth largest web portal Sohu.com Inc. (NASDAQ:SOHU) reported net income of $26.857 million or $.65/share for the fourth quarter, a 45.5% drop from the previous quarter. Investors wonder what's happening at a time when revenues rose to $246.183 million, representing an increase of 6% from previous quarter or 42% YoY. And that this quarter wasn't just a fluke, Sohu.com Inc., (NASDAQ:SOHU) announced EPS estimates of $.55 a share, well short of previous estimates of $1.13 a share. It's not just bottom line that is troubling investors. The company predicts 2012 first quarter revenues somewhere between $219 million and $225 million, well short of $238.2 million analysts were expecting. Is Sohu pulling a Yahoo! (NASDAQ:YHOO)?