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googlesignGoogle announced today that it brought in $15.42 billion in revenue during the first quarter of 2014, up 19 percent year over year. That missed expectations of $15.54 billion in revenue from the Thomson Reuters survey of financial analysts.

The company reported earnings of $6.27 per share, up 4.5 percent from the year-ago quarter, and missing analyst earnings estimates of $6.41 per share. That translates to $3.45 billion in net profit, compared to $3.35 billion in 2013.

The biggest change from the year-ago quarter was a slowing in the company’s “other revenue” segment, which includes Nexus hardware. Revenues from the segment grew 48 percent year-over-year, compared to a 99 percent increase in the first quarter of 2013. Ad prices remained flat from the last quarter of 2014, ending a quarter-over-quarter slide, though they were down 9 percent year-over-year.

Users clicked on 26 percent more ads on Google’s websites and other properties that use the company’s advertising technology compared to the same period a year ago.

It’s been an eventful Q1 for Google, which announced in January that it reached an agreement to sell Motorola Mobility to Lenovo for $2.91 billion. The company is now also trading two different kinds of shares: Class A shares, which carry voting rights, and trade under the ticker symbol GOOGL, and Class C shares, which carry no voting rights. The split roughly halved the price of the company’s stock, which was trading at over $1,000 a share before the split. Shareholders of Class A shares were offered one Class C share for every Class A share they held.

Both types of shares are down almost 6 percent in after hours trading as of this report.

Here’s a closer look at Google’s balance sheet:

GOOG Income Statement

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