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Google parent Alphabet misses Q1 targets for profit, revenue
Results - marred by rising costs, strong US$ - drive shares down 6%
Published Fri, Apr 22, 2016 · 09:50 PM
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San Francisco
GOOGLE'S parent Alphabet Inc missed Wall Street targets for first-quarter profit and revenue on Thursday as it spent more money to build traffic for its mobile advertising services.
The results, which were also hit by the strong US dollar, drove shares of the Web search company down 6 per cent in late trading on Thursday.
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