NEW YORK — The Warnaco Group Inc. on Monday posted improved fourth-quarter and full-year results, and substantially increased earnings from continuing operations for both periods.

Investors liked what they saw, sending Warnaco shares to their highest level since the firm’s emergence from bankruptcy last February. After peaking at $19.39 in intraday trading, shares of Warnaco closed Monday at $19, up $1.03 or 5.7 percent, in trading on the Big Board.

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