Social Media Earnings: Facebook & Twitter

<p>Twitter: TWTR reported earnings of $0.16 in EPS and $1.04B in revenue, and Facebook: FB also reported earnings, which indicated $3.30 in EPS and $26.17B in revenue. Because of these strong numbers, Wedbush's Ygal Arounian says that the investment firm raised its price target for FB to $355 from $340. </p>