Alphabet Inc. experienced significant downward pressure following the release of its third-quarter 2026 financial results, which failed to meet Wall Street expectations across key operational and profitability metrics. Although consolidated revenue expanded by 25 percent year-over-year to $127.6 billion, it landed slightly below consensus forecasts. More notably, quarterly diluted earnings per share fell to $2.12, missing analyst estimates. The earnings shortfall was amplified by an $8.7 billion unrealized loss on equity holdings, primarily tied to a valuation decline in its investment in SpaceX, which reduced quarterly diluted earnings per share by $0.55. Furthermore, revenue growth in Google’s core search and advertising segment…