Market Overview

Google Dips Following Disappointing Q1 Results

Share:
Related GOOG
Shutterfly Is Becoming Like Google And Amazon, And That's A Good Thing
10 Reasons The Stock Market Rebounded Two Mornings After Black Monday
Where Things Stand - August 30 2015 (Marketfy Insights)
Related GOOGL
Barron's Recap: What's Next?
Shutterfly Is Becoming Like Google And Amazon, And That's A Good Thing
Bull Market Isn't Over -- Facebook Leads 22 Buys: UBS (Investor's Business Daily)

Shares of Google (NASDAQ: GOOGL) are down 5.5 percent to $534.5 after reporting disappointing first quarter results.

The company reported earnings per share of $6.27, falling short of analyst estimates of $6.40. Revenues came in at $12.2 billion, missing analyst estimates of $12.25 billion. Consolidated revenues did increase 19 percent year over year however.

Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our Network members, decreased approximately 9% over the first quarter of 2013 and remained constant from the fourth quarter of 2013.

"We got lots of product improvements done, especially on mobile. I'm also excited with progress on our emerging businesses,” Chief Executive Officer Larry Page said.

Posted-In: larry pageEarnings News Movers

 

Related Articles (GOOG + GOOGL)

Get Benzinga's Newsletters