Facebook and Twitter Rally After Pinterest Exceeds Expectations

Facebook Inc. and Twitter Inc. rallied in postmarket trading after Pinterest Inc. became the latest social-media company to report better-than-expected growth in users and revenue.

Pinterest reported third-quarter revenue that topped the highest analyst estimate, while monthly active users rose 37% from the same period a year ago. The report followed Snap Inc.’s last week that suggested user engagement is rising and advertisers have boosted spending on web platforms.

Facebook gained as much as 2.5%, while Twitter rose 5.9%. Both companies report their own quarterly financial results on Thursday afternoon.

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