Google Misses on Earnings and Revenues, Shares Lower

reported earnings of $6.35 per share, missing consensus expectations of $6.53 per share. Revenues came in light as well, with the company reporting $16.52 billion versus an expected $16.57 billion. Cost per Click, a widely followed metric showing what Google earns when someone clicks on an ad, fell 2 percent, better than the 4 percent analysts had modeled. The number of paid clicks rose 17 percent from a year earlier. Shares of Google are trading down following earnings, last trading at the $511 level, down 2.57 percent in after hours trade.