By  on March 18, 2010

Buoyed by strong sales in Europe, Guess Inc. Wednesday reported that fourth-quarter net income jumped 83 percent. The Los Angeles-based apparel retailer and wholesaler also issued 2010 guidance that was well above analysts’ estimates.

The firm said that for period ended Jan. 30, profits rose to $87.9 million, or 93 cents a diluted share, from year-ago levels of $48 million, or 51 cents a share. Excluding impairment charges, the company’s net earnings totaled $89.3 million, or 96 cents.

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