Google parent Alphabet stocks fall despite 22% revenue rise

Google's parent company Alphabet's shares on Tuesday plunged over 3% in after-hours trading despite delivering fourth-quarter revenue of $39.27 billion, a 22% rise from the year-ago period. This comes as the company's capital expenditures rose 80% to $6.85 billion during the quarter. The rise was largely due to building and running data centres and offices, Alphabet CFO Ruth Porat said.