Alphabet Q3 profit misses analysts' estimates; shares down over 1%


Google parent Alphabet Inc missed analysts' estimates for quarterly profit on Monday as it reported its highest-ever quarterly expenses, sending shares down about 1.7% even though revenue growth topped expectations.

Google provides limited product-level financial disclosures, leaving investors increasingly uncertain about how pressures including regulatory scrutiny, advertiser boycotts and global trade tensions are affecting operations. Alphabet shares have underperformed relative to some peers, rising 17% in the last 12 months.

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