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Alphabet’s Earnings Are About to Land. Watch for News on the Ad Market.

Shares of Alphabet were up sharply in late trading Tuesday after the search giant reported better-than-expected results for the fourth quarter.

The Google parent reported fourth-quarter sales of $75.3 billion, up 32% year over year, with earnings of $30.69 a share.

Analysts polled by FactSet had forecast earnings per share $27.68 share on…

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