Google reported its earnings for Q1 2014 on Wednesday. Wall Street was expecting Google to hit earnings of $6.33 a share and revenue of $15.58 billion, but the company missed that mark, only hitting $5.04 a share and revenue of $15.42 billion. Wall Street expectations aside, that's 19 percent more cash than Google brought in this time last year.

Google is actually up to two stock tickers after a stock split that happened early this month. Besides the usual GOOG ticker, there is now also Class C "GOOGL" stock. This move basically doubled the outstanding shares, putting the company at 672 million.

Site revenue, which represents sites Google operates (like Google.com, YouTube, and Gmail), generated revenue of $10.47 billion, or 68 percent of total revenue. That's a 21 percent increase over last year. Network revenue, aka "Adsense," did $3.4 billion in revenue, a four percent increase over last year. The "Other Revenue" category, which is mostly Google Play app, media, and hardware sales (including the Chromecast), was again up a huge amount—48 percent—doing $1.05 billion in revenue.

Cost-per-click, which is basically the amount of money Google gets to charge for an ad click, is down nine percent. The good news for the company is that total ad clicks are up 26 percent. Investors aren't happy about the missed Wall Street expectations, though. The stock is falling in after-hours trading, and at press time is down about five percent.