Google’s 1Q earnings disappoint as ad prices slip

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SAN FRANCISCO (AP) — Google’s first-quarter earnings growth faltered as the Internet’s most influential company grappled with a persistent downturn in advertising prices while spending more money to hire employees and invest in daring ideas.

The results announced Wednesday fell below analyst projections. Google’s Class A stock shed $17.10, or 3 percent, to $546.80 in extended trading.

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