Shares of beleaguered action-camera company GoPro (GPRO - Get Report)  rose in after-hours Thursday after issuing an upbeat outlook despite missing quarterly earnings estimates.

The company reported an adjusted profit of 3 cents a share in the second quarter vs. a loss of 15 cents in the same period a year ago. Still, the earnings were less than the 4 cents that Wall Street expected.

However, it was the positive outlook that investors concentrated on to send the shares rallying 4.77% to $5.27 in after-hours trading.

The company said revenue this year should grow at 9% to 12% vs. the previous forecast of 7% to 10% growth. Earnings should be around 40 cents a share for the year vs. a previous forecast of 35 cents. Analysts had been expecting 38 cents profits for the year. 

"Given our continued sell-through momentum, channel inventory levels and the strength of new products slated for later this year, we are raising our outlook for the second half of 2019," said GoPro CEO Nicholas Woodman.

The stock closed Thursday at $5.03, down from a $24 initial public offering price in 2014.

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Constable owns none of the securities listed in this story.