Google Stock Has Dropped More Than 5% The First Quarter

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Google has announced its stock price of $6.27 per share on revenue of $15.42 billion for the first quarter. This number is lower than Wall Street’s estimation $6.44 per share on revenue of $15.52 billion. The traffic acquisition costs for the quarter was also a little bit missing with $12.19 billion, slightly below experts’ estimation $12.25 billion. The number of PPC for AdWords has increased by 26%, yet the cost-per-click has decreased by 9% with the fact that more of Google ads are viewed from mobile devices.

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Both Google stock’s classes – GOOG and GOOGL – declined slightly less than 5% in after hours trading following the earnings report.