Market Overview

Google Dips Following Disappointing Q1 Results

Share:
Related GOOG
Google Is Arguably The Best Risk/Reward In Large-Cap Internet
Here's One Way The YouTube Ad Crisis Has Taken Its Toll On Alphabet
Aqua Metals: Can It Join the 'Disruptive' Elite? (GuruFocus)
Related GOOGL
One Of The World's Most Powerful Women, Fidelity Personal Investing President Kathleen Murphy, To Tell Her Story At The Benzinga Global Fintech Awards
Smart-Eyewear Might Still Be The Next Big Thing In Wearable Tech
Dow, S&P 500 Futures Edge Up After Amazon, Big Techs Lead (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)

View Comments and Join the Discussion!