Guess Inc. reported better-than-expected fourth quarter earnings on Wednesday. But the apparel chain said some same-store sale slipped slightly and its outlook for the current quarter was far below what analysts expected.

After markets closed, the Los Angeles retailer reported net income of more than $103 million ($1.11 per share) for the quarter ended Jan. 29, compared with $86.6 million (93 cents) a year earlier. Revenue rose 18 percent to nearly $757 million. But sales at stores open at least a year were down 1.1 percent.

Analysts surveyed by Thomson Reuters on average expected the company to report per-share profit of $1.06 per share on revenue of less than $726 million.

Full-year net income rose 11.6 percent to more than $289 million, with revenue up 17 percent to $2.48 billion.

“Our focus on international expansion continues to pay off, with Europe and Asia contributing nearly two-thirds of our annual revenue increase,” Chief Executive Paul Marciano said in a statement. He said the chain opened 237 stores during the year.

The company forecast first-quarter net income of 41 cents to 44 cents per share on revenue of $555 million to $570 million. Analysts expect per-share profit of 62 cents on $596 million in revenue.

Shares, which earlier closed down 1 percent to $43.87 on the New York Stock Exchange, fell more than 4 percent in after-hours trading.