Google’s new parent company Alphabet reported fourth quarter earnings after the close of the market on Monday. The company exceeded investors’ expectations, reporting sales of $21.3 billion and net income of $4.9 billion (or $7.16 a share). The stock rose more than 4 percent in early Tuesday trading on the news, which brings shares close to an all-time high. Other revenues — the line item that includes the Play store — had sales of $2.1 billion in the fourth quarter, up 24 percent compared to $1.688 billion a year ago. For the full year, that sector had sales of $7.151 billion, compared to $6.05 […]
