Google Parent Alphabet Delivers Surging Profit but Sales Slow

Google Parent Alphabet Delivers Surging Profit but Slowing Sales Growth

Alphabet reports overall revenue grew 21%, versus 24% in the same period a year ago

Google’s parent reported surging profit on slightly slower growth in revenue, signaling uncertainty in its core business at a time when it is also dealing with a growing backlash from regulators and turmoil in its own corporate culture.

Alphabet Inc. on Thursday said net profit jumped nearly 37% to $9.19 billion in the three months through September, from $6.7 billion in the same period last year. That growth surpassed analysts’ estimates.

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