Sohu ( SOHU) became the second Chinese Internet company this week to fail to wow Wall Street with its second-quarter earnings report. Shares in the Beijing-based online media and wireless outfit fell 8% Thursday after Sohu posted a flat quarter and offered tepid third-quarter revenue guidance. Sohu's selloff came after Chinese search giant Baidu ( BIDU) sank 21% in Thursday trading following disappointing results posted Wednesday. Sohu said net income was $7.2 million, or 19 cents per share, for the latest quarter, against $7.1 million, or 20 cents, a year earlier. Revenue jumped 36% from a year ago to $34.1 million. Excluding stock-based compensation expense, Sohu's profit was $8.4 million, or 22 cents. On that basis, the company was expected to earn 18 cents on revenue of $33.3 million. Sohu is forecasting a profit of 19 cents to 21 cents a share for the third quarter on revenue of between $32.5 million and $34.5 million. Analysts had expected a profit of 20 cents on sales of $34.6 million, according to Thomson Financial. "Although we do expect to experience some bumps in the road over the next few quarters on the wireless side due to certain previously announced operator policy changes, we are well-positioned to minimize the overall impact given our focus on Sohu's main business -- advertising," says CFO Carol Yu in a press release. "Online advertising will continue to be the primary driver behind our long term growth." Shares of Sohu fell $1.72 to $20.34 in after-hours trading.