Google's parent Alphabet misses Wall Street view

Google's parent Alphabet Inc missed Wall Street targets for first-quarter profit and revenue on Thursday, driving shares of the Web search company down more than 4 percent in late trading on Thursday. Alphabet, the world's No.2 publicly traded company by market capitalization, said consolidated revenue rose to $20.26 billion from $17.26 billion. Rosenblatt Securities analyst Martin Pyykkonen said the effect of foreign currency was worse for Alphabet than expected.