Shares in Keystone Automotive Industries Inc. gained nearly 4 percent after the company posted strong fourth quarter profits that beat Wall Street’s expectations.

Keystone reported fourth quarter net income of $11 million (69 cents per share), a 50 percent jump from $7.6 million (46 cents) for the same period a year earlier. Analysts polled by Thomson Financial expected a profit of 60 cents per share.

Sales for the Pomona-based generic auto collision parts maker gained 11 percent to $200 million thanks to an 11 percent jump in same-store sales.

The results also included one-time gains of about $886,000 (5 cents per share), related to insurance recoveries for prior-year property loss claims and the company’s portion of an antitrust lawsuit settlement.

For the year, net income was up 35 percent to $30 million ($1.84 per share), while sales increased 14 percent to $714 million.

Shares in Keystone surged 3.4 percent, or $1.35, to $39.41 in afternoon trading Thursday on the Nasdaq.