Google owner Alphabet's profit falls 23% in 3rd quarter to $7 billion

Alphabet, which owns Google, ended the third quarter of 2019 with net income of $7.07 billion ($10.12 per share), down 23% compared to the same period last year, when it totaled $9.19 billion ($13.06 per share). Among the points that influenced the net income in the third quarter is a provision for Income Tax of $1.56 billion, 75% higher than last year's $891 million provision, and other net expenses of $549 million, versus revenue of $549 million, versus revenue of $549 million, versus revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $549 million, against revenue of $5 1.46 billion a year ago. From July to September, revenue totaled $40.5 billion, up 20% year-on-year. Of this total, advertising revenue totaled $33.9 billion, up 17 percent, and the other revenue sitem totaled $6.43 billion, up 38.5 percent. Costs and expenses also rose 25% from the third quarter of 2018 to 2019 to $31.32 billion. In trading after the market closes on the Nasdaq in New York, Alphabet shares fell more than 1 percent to $1,275. In the regular trading session, the papers rose 1.95%, to $1,288.98.