Google Parent Alphabet Profit Edges Up, Revenue Surges

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 Google parent Alphabet profit edges up, revenue surges

SAN FRANCISCO, , (UrduPoint / Pakistan Point News - 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.