Why Google Inc. Earnings Fell Short (Again)

April 23, 2015 10:43 PM

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Google (NASDAQ: GOOG ) (NASDAQ: GOOGL ) may have missed estimates on both the top and bottom lines today, but the market doesn't seem to mind. After rising 1.4% in Thursday's regular session, shares of the search giant climbed another 3.5% in after-hours trading after it announced first-quarter results.

Quarterly revenue jumped 12% year over year, to $17.26 billion, and adjusted net income rose 5.4%, to $4.53 billion, or $6.57 per diluted share. Analysts, on average, were slightly more optimistic, modeling earnings of $6.60 per share on sales of $17.5 billion.

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