Google Shares Drop During First Quarter
Google is involved in plenty of high-tech ventures, from Google Glass to its broadband-on-steroids fiber network.
But its core business — online advertising — can drive revenue up 19%, as it did in the first quarter of 2014, and still disappoint Wall Street.
The world’s largest Internet search provider reported first-quarter revenue Wednesday of $15.4 billion, up from $12.95 billion in the first quarter of 2013. Profit came in at $6.27 per share, compared with $6.00 a share in the same period last year. Google was expected to make a profit of $6.40.
For more on this story visit: Mike Snider, USA TODAY