Pinterest projects 60% sales growth in fourth quarter as ad sales rebound

The forecast, which the company termed an 'informal' one, compares to a 35% growth modeled by Wall Street analysts, according to Refinitiv data.Shares of the company, which also beat third-quarter sales estimates, jumped 28% to $63.05 in extended trading.Pinterest said it benefited as advertisers redirected spending to its platform following a social media ad boycott campaign that began in July.