Google Revenue Rose But Still Missed Wall Street Expecations

Google's (GOOG) quarterly revenue rose 12% to $17 billion dollars. The search giant is, like most tech companies, pushing more mobile and video. Investors had become worried that Google's search business was slowing as people transitioned to mobile devices, where the small screen makes it harder to search. Fewer searches hurt Google's core business. Google missed Wall Street expectations for the sixth time in the last 9 quarters but the miss wasn't as big as some had feared because of currency issues. Google shares were trading higher in the pre-market. Google is also facing an anti-trust investigation in Europe.