TAIWAN - Earnings came in at $6.72 per share easily decimating the analyst forecast of $6.67 per share. Google's average cost per click, which determines how much Google and its partners receive for their advertising, soared as well. Revenue was also up 26% year over year. "Google had an excellent quarter. Our core business grew very well, and our newer businesses - particularly display and mobile - continued to show significant momentum." Said Google CEO Eric Schmidt. The company holds $33 billion of cash and equivalents."Google is taking market share with Android, and fast" Said co-CEO of The Markets Are Open, Allan Edwards. "I would have liked to buy some after hearing this incredible conference call. I'm ecstatic that cost per click advertising is up."
Google Inc rose to $601.45.
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