Pinterest Inc (NYSE:PINS) shares are trading higher in Monday's after-hours session after the company reported second-quarter results that were better than feared.

Pinterest said global monthly active users decreased 5% year-over-year to $433 million.

"Pinterest achieved 9% revenue growth year over year in Q2, or 10% revenue growth on a constant currency basis, despite the uncertainty facing our advertisers," said Bill Ready, CEO of Pinterest. 

Pinterest said it expects third-quarter revenue to grow mid-single digits year-over-year. Third-quarter operating expenses are expected to increase in the low double digits quarter-over-quarter.

Pinterest maintained its previous outlook for operating expense growth in the range of 35% to 40% year-over-year.

Elliott Investment Management released a statement following Pinterest's earnings report. 

"Pinterest is a highly strategic business with significant potential for growth, and our conviction in the value-creation opportunity at Pinterest today has led us to become the Company's largest investor," the firm said.

PINS Price Action: Pinterest has traded between $36.95 and $16.14 over a 52-week period.

The stock was up 20.2% in after-hours at $23.97 at press time.

Photo: Souvik Banerjee from Pixabay.