Pinterest shares are jumping 8% in intraday trading Friday, a day after the social media service reported first-quarter revenue and global monthly active user figures that topped estimates.

Pinterest (NYSE:PINS) shares surged over 12% in premarket trading Friday after the companys upbeat quarterly revenue forecast eased concerns over ad spending amid global economic uncertainties. The image-sharing

Pinterest forecast current-quarter revenue above Wall Street estimates on Thursday, signaling its artificial intelligence tools are boosting advertising spend on the platform and sending its shares up 16% in extended trading.