Shares in Google owner Alphabet sink on profit miss, ad slowdown

Shares in Google parent Alphabet fell more than seven percent in after-hours trading Wednesday as the company reported lower-than-expected profit and a slowdown in its advertising business.

Net profit slid 25 percent from a year earlier to $26.2 billion in the July to September period, or $2.12 per share, well short of expectations by analysts surveyed by FactSet.