Google posted US$3.45bil in net income, or US$5.04 per share, in the three months ended March 31, compared to US$3.35bil, or US$4.97 per share a year earlier - AFP Photo.
SAN FRANCISCO: Google Inc's first quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devices.
Shares of Google were down 3% to US$539.80 in after hours trading on Wednesday, after initially sliding roughly 6% on the news.
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