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Alphabet's shares fell by double digits, erasing about $500bn in market value, after net profit slid 25% from a year earlier to $26.2bn, short of Wall Street expectations, though revenue rose to $127.6bn.
Written by AI from Guardian Technology's published text.
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“Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in the Google parent Alphabet fell double digits Wednesday evening into Thursday trading, erasing hundreds of billions of dollars in stock…”
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