company: Alphabet's diluted earnings would have been approximately 10.91 a share, just above the Fact Set consensus estimate of 10.86 a share, without that gain, according to Market Watch. Alphabet's investment prowess has been a boon for the company since it began counting increases in its investments as profit last year due to an accounting change. Google's parent company was partly boosted by a mysterious investment gain of 1.3 billion, that it only described as an unrealized gain recognized in OI&E other income and expenses related to a non-marketable debt security. For the full year 2018, Alphabet said it had a 5.5 billion gain on equity securities, including 4 billion of net unrealized gains on equity investments. Wall Street seemed concerned about the company's hefty spending on research and development and on capital expenditures, which Colin Sebastian, a Robert W. Baird analyst, said overshadowed a solid revenue beat. For more Google is a great investor and it's showing in the results Despite the inflated earnings beat, Alphabet shares GOOGL, -2.52%GOOG, -2.68% declined in after-hours trading, ending the extended session down about 3%. The stock was down 2.4% in premarket trade Tuesday.
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