Google Stock Falls on Weak Earnings
Shares of Google were tumbling 6 percent after the closing bell Wednesday once the Internet behemoth reported first-quarter earnings that fell short of Wall Street's expectations.
The stock rose 4 percent during the regular session Wednesday but was off about $33 in after-hours trading.
The world's largest provider of online search said revenue rose 19 percent in the first quarter to $15.4 billion. Profit was $6.27 per share, up from $6 a year ago, but analysts were expecting something closer to $6.40.
Google said that paid clicks rose 26 percent over the previous year, but analysts were modeling about 29 percent. Paid clicks refer to those times that users click on an ad that provides revenue to Google.