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Google shares fall after company misses Q1 profit estimates [Asian News International](Asian News International Via Acquire Media NewsEdge) Washington, Apr. 17 (ANI): Google's shares dropped nearly six percent in after-hours trading after the tech company's first-quarter profit missed analysts' expectations. Google logged weaker-than-expected first-quarter results, as the company missed forecasts on two key search advertising metrics. According to Fox News, shares of the company behind Gmail and Android dropped six percent in after-hours trading after reporting below-consensus figures. Google said it earned 3.45 billion dollars, or 5.04 dollars a share, last quarter, compared with a profit of 3.35 billion dollars, or 4.97 dollars a share, a year earlier. Excluding one-time items, the company earned 6.27 dollars a share, missing the Street's expectation of 6.41 dollars. Revenue increased 19 percent to 15.42 billion dollars, narrowly trailing consensus calls from analysts for 15.54 billion dollars, the report added. (ANI) (c) 2014 aninews.in All rights reserved. Provided by Syndigate.info, an Albawaba.com company |