Google parent Alphabet Inc. said fourth-quarter revenue increased nearly three times as fast as profit, as it cast about for new sources of growth beyond its traditional search advertising. Fourth-quarter profit grew 8.3% to $5.33 billion, missing Wall Street estimates, while a 22% jump in revenue to $26.1 billion surpassed estimates. Alphabet blamed the earnings miss on a one-time tax adjustment. Its shares fell 3% in after-hours...

Source: Wall Street Journal January 26, 2017 21:17 UTC