Google Parent Alphabet Profit Edges Up, Revenue Surges

 Google parent Alphabet profit edges up, revenue surges

SAN FRANCISCO, , (Pakistan Point News - APP - 27th Jan, 2017 ) - Google parent Alphabet on Thursday reported that its profit in the final three months of last year rose to $5.3 billion, falling short of Wall Street expectations despite soaring revenue. Alphabet revenue in the quarter topped $26 billion, up 22 percent from the same period a year earlier. Alphabet shares slipped more than two percent to $838.29 in after-market trades that followed release of the earnings figures.