: Alphabet stock falls after Google beats on earnings, but sales come up short

Alphabet Inc. stock fell roughly 4% in the extended session Thursday after the company reported better-than-expected profits that handily beat Wall Street expectations but missed revenue projections.

Profits clocked in at $9.19 billion for the third quarter, or $13.06 a share, much higher than analysts’ average expectations of $10.42 a share, according to FactSet. Much like the past several quarters, a significant chunk of Alphabet GOOGL, +4.40%GOOG, +4.27% profits were related to its investments: the company said it added $1.38 billion to the bottom line because of gains in equity securities. A change in accounting standards earlier this year triggered these types of disclosures.

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