Google’s first quarter earnings fall short despite revenue growth

Ad revenue is the cash cow for Google, but ad prices are being forced downward as they penetrate deeper into the smartphone and tablet space. With that, Google’s revenues were up, but missed targets by a few hundred million dollars here and there.



For the first quarter, Google grossed $15.4 billion with net revenues of $12.19 billion. Those figures include activity with Motorola. The industry analysts were expecting revenue of $15.6 billion and income of $12.3 billion.



With such large figures, the few hundred million seems like it is within the margin of error, but underneath there ...



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