Alphabet Stock Is Soaring on an Earnings Beat. The Company Is Finally Splitting Its Stock, Too.

Alphabet crushed expectations and announced plans for a 20-for-one stock split after the market closed on Tuesday. Investors liked what they saw.

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…