Today Google (NASDAQ:GOOG) announced earnings that shattered Wall Street forecasts. Google reported $9.72 per share excluding items. This number blew away even the highest forecast. Larry Page, the CEO of Google also said that Google+ has now reached over 40 million members. I believe that this company will continue its growth for the foreseeable future. Here is why I believe the story continues for Google.
Google is the leading advertiser on the Internet with a search market share of over 65%.
Google has over $40 billion dollars in cash and cash equivalents.
Google claims that over 190 million Android phones have been activated, with revenue from mobile devices generating over $600+ million every quarter.
Google's Chrome web-browser has over 200 million users.
Google is running on all cylinders, all this while the economy is on the brink of another recession. I will not lie I admire this company and am a proud shareholder. I am long GOOG.