Top News | Apr 17, 2014
Google: Q1 result missed market expectations
Google (Attractive*) disappointed because of lower online-advertising prices (-9%) despite rising sales of 19% to USD 15.42bn. Main reason are smartphones with its small displays and often slow connections. However, clicks increased 26%. Quarterly income of USD 3.45bn (+3%) was slightly below analysts’ estimates. Google shares dropped as much as 6%.