Thursday, October 13, 2011

Google is running on Rocket Fuel.

Today Google (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.

Disclaimer: All articles are written as an opinion of the writer or writers. The contributors on this website are not professional investment advisors. These articles are written to share investing ideas that may be of interest to the reader. Always seek the advice of a professional investment advisor before investing.

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1 comment:

  1. They truly do want to take over the world. Impressive numbers Joey but Google+ is not there yet and my Bionic glitches out like crazy!!!