Shares in Guess Inc. surged following the release of stellar fourth quarter numbers.

Guess reported fourth quarter net income of $45.7 million (99 cents per share) a 77 percent jump from $25.8 million (57 cents) for the same period a year earlier. That beat Wall Street analysts’ projections of 93 cents per share, according to Thompson Financial.

Sales for the Los Angeles clothing retailer and maker rose 25 percent to $346.4 million thanks to an 87 percent leap in European sales, the company said in a statement.

“The globalization of the Guess brand is in full drive and delivering strong financial results,” said Chief Executive Paul Marciano.

Sales in the U.S. and Canada also rose 16 percent. For the year, net income nearly doubled to $123 million ($2.68 per share) and sales rose 27 percent to $1.19 billion.

Shares in Guess closed down 36 cents Wednesday to $74.58, but later rose $3.92 after the earnings announcement and continued to gain another 11.8 percent ($8.83) in afternoon trading Thursday to $83.41.