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Alphabet misses Wall Street revenue estimates; shares fall

Google's Asia-Pacific headquarter office in Singapore.Google parent Alphabet missed quarterly revenue estimates sending shares down almost by 7 percent. [Photo: Courtesy]

Google parent Alphabet Inc (GOOGL.O) on Thursday missed analysts’ quarterly revenue estimates for the first time in at least two years and reported continuing erosion of its operating margin, sending shares down almost 7 percent after hours.

The tech company’s third-quarter results fanned investor concern that big investments in new businesses, increasing regulatory scrutiny and emerging competition are producing slow and unpredictable returns.

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