Guess? Inc. reported third quarter net earnings of $48.4 million ($1.05 per share), an increase of 134 percent compared to $20.7 million (46 cents). Revenues for the Los Angeles-based clothing and accessory designer and licensor were up 31 percent to $349 million, mainly due to a 73 percent boot in European sales, the company said.

“Europe had a remarkable third quarter and was the largest contributor to our results, generating nearly a third of our revenues and more than half of our operating profit,” said Paul Marciano, co-chairman and co-chief executive. “We see even greater opportunity in that region as we expand into northern and eastern Europe.”

Shares in Guess closed down 32 cents to $56.63 in trading Wednesday.