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  • Google parent Alphabet reported a rare drop in revenue and profit on Thursday in a quarterly update that nonetheless topped market expectations. Profit slumped some 30 percent to $6.96 billion from a year for the online giant that relies on digital advertising for most of its income. Revenues dipped two percent to $38 billion, as chief financial officer Ruth Porat said; "We continue to navigate through a difficult global economic environment." Google shares were little changed in after-market trading following the release. rl/ft
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  • Google parent Alphabet profit down 30% to $6.9 billion
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