NEW YORK ( TheStreet) - China's New Oriental Education & Tech Group ( EDU) posted earnings that more than doubled, and later this week Baidu ( BIDU), the China search engine, is expected to report a profit gain.New Oriental Education is the largest provider of private education services in China. The company said fourth-quarter revenue surged 46% from a year earlier to $86.6 million, while earnings came in at 15 cents a share. For the full year, earnings increased 26% to $2.01 a share on revenue growth of 32% to $386.3 million. The company witnessed a 19% growth in student enrollments for language training and test preparation courses. Looking forward to the first quarter of 2011, New Oriental company expects revenue to range between $188.2 million and $197.2 million, representing year-over-year growth of 26% to 32%. Earlier this month, Oppenheimer & Co. rated the stock as outperform with price target of $102, implying a 5% upside over current levels. Baidu is expected to report results for the second quarter on Wednesday. According to analysts polled by Bloomberg, revenue is projected at $270 million, while earnings are expected to come in at 30 cents a share, representing year-over-year growth of 68% and 88%, respectively. According to online market research firm iResearch, Baidu's market share during the second quarter stood at 70.8%, up from 67.8% in the previous quarter. On the flip side, closest competitor Google ( GOOG) witnessed a drop in market share to 27.3% from 29.5%. The firm also expects advertising on Internet TV and Web video sites in China to touch a whopping $346 million this year vs. $83 million in 2008. Moreover, total Internet users in mainland China increased 24% year over year to 420 million at the end of the second quarter, according to the China Internet Network Information Center. Samsung Securities Monday assigned a buy rating to the stock with price target of $82, implying a 12% upside over current levels.