Alphabet misses profit estimates as Google bets big on newer businesses

(Reuters) - Google parent Alphabet Inc missed analysts' estimates for quarterly profit on Monday as it reported its highest-ever quarterly expenses, sending shares down about 1.2% even though revenue growth topped expectations.The world's dominant provider of internet search, advertising and video services has increased spending in recent years on areas including cloud computing and consumer electronics that it views as essential to maintaining its industry leadership in the face of stiff..