Google misses Wall Street expectations, Alphabet stock sinks in early after-hours trading

Google parent company Alphabet Inc. came up short of Wall Street expectations despite strong revenue growth in its third-quarter results, which sent its stock falling in after-hours trading Wednesday.

The Mountain View, California-based company said its net income was $26.17 billion in the July-September period. That’s down from $34.98 billion in the same period a year earlier.

Revenue grew 25% from the same period last year to $127.58 billion, but that was shy of analysts’ expectations. Analysts, on average, were expecting revenue of $127.97 billion, according to a poll by FactSet.