Alphabet: Google parent company posts 23% decline in profits as expenses rise

Disappointing earnings come as the company faces antitrust challenges and employees condemn policies

Alphabet's stock fell as much as 4% in after hours trading after it reported it missed analyst expectations and posted a 23% decline in profit as it faces rising expenses.

Google's parent company posted earnings of $10.12 per share in its third quarter, lower than the $12.42 per share expected. Its quarterly profit fell 23% to $7.07, hurt by investments in research, development, and marketing.