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Google's parent company takes a hit from its investments

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Google's parent company said its revenue for the three months ending in September topped $40 billion, an increase of 20% from the same period a year earlier. But Alphabet earnings missed Wall Street's expectations by a wide margin.

New York Alphabet's startup investments appeared to be a headache for the company in its most recent quarter.

Google 's parent company said Monday that its revenue for the three months ending in September topped $40 billion, an increase of 20% from the same period a year earlier. But the company's earnings missed Wall Street's expectations by a wide margin, in part because of its investments.The company reported a roughly $1.5 billion hit from"unrealized losses on equity investments that we hold.

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Speaking of wrong expectations, fire Sean Duffy.

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