Alphabet third-quarter profit misses estimates

(Reuters) - Alphabet Inc fell short of analysts' estimates for third-quarter profit on Monday, hit by aggressive spending by its Google unit on marketing and hardware development.The company reported a net income of $7.07 billion (£5.50 billion), or $10.12 per Class A and B common share and Class C capital share, in the three months ended Sept. 30, from $9.19 billion, or $13.06 per share, a year earlier. Revenue jumped 20% to $40.5 billion. Analysts on average had expected revenue of $40.33..