Google Inc. shares have fallen drastically just after its quarterly earning reports publication. The Internet search giant has produced its first quarter earnings which have reported to be in favor of the company. There was a strong growth in earnings for Google as per the report.

It was almost a surge of 38% in the first quarter as compared to the preceding one. The result was beyond expectation of the market and the analysts. But the company's core search advertising business has done it for Google with a maximum growth in this period of time.

But the share price has dropped to more than 7% apprehending that spending may increase for the company. The Google Inc. stocks have closed at $550.14. Moreover the stock is almost trading at a 4% low for the year. Experts believe that the deep fall in share prices of Google is due to under valuation.

However, the company has informed that it will continue its aggressive marketing policies with fresh hiring. Some strong M&A for the search engine is also expected in the near future too.