After the closing bell on Tuesday, Facebook (FB – Free Report) reported mixed third-quarter 2018 results. The social media giant beat the Zacks Consensus Estimate for earnings but missed on revenues. User growth also slowed down during the quarter.

Q3 Results in Focus

Adjusted earnings per share came in at $1.76, crushing the Zacks Consensus Estimate of $1.46 and increasing 10.7% from year-ago earnings. Revenues soared 33% year over year to $13.73 billion and fell short of the estimated $13.80 billion.

Notably, mobile advertising revenues accounted for 92% of total advertising revenues, up from 88% in the year-ago quarter. Both daily and monthly active users grew 9% and 10% year over year, respectively, to 1.49 billion and 2.27 billion. This represents slowing growth in both users from 11% seen in Q2.

The company estimates that more than 2.6 billion people use Facebook, WhatsApp, Instagram, or Messenger (“Family” of services) each month, and more than 2 billion people use at least one of the Family of services every day on average.

Though 2019 will be another year of significant investment, Chief Financial Officer David Wehner eased concerns over costs next year. He commented that quarterly earnings from the company suggest its business is holding up in the wake of scandals and privacy breaches. Facebook expects revenue growth to slow by a “mid-to-high single-digit percentage” in the fourth quarter compared with high single-digit percentage projected three months ago.

Market Impact

Following the results, shares of FB initially dropped as much as 4% in aftermarket hours but recovered fully later on to close at up 3.1%. The volatile trading might create a good opportunity for investors to tap Facebook. Currently, Facebook has a Zacks Rank #3 (Hold) and a solid Growth Score of B. It further belongs to a top-ranked Zacks industry (top 34%).

ETFs to Watch

Given this, ETFs having a larger allocation to the networking giant are in focus in the days ahead. We have highlighted six of them in detail below: