Guess? ( GES) shares climbed Thursday after the trendy apparel company sharply raised its fourth-quarter and full-year earnings projections.

The Los Angeles-based company, citing a strong performance across its retail, licensing, and wholesale segments, said it expects to post earnings of 91 cents to 93 cents a share for the December quarter.

Its previous guidance called for earnings of 65 cents to 67 cents a share. A year earlier, earnings were 57 cents a share.

Analysts polled by Thomson Financial had forecast fourth-quarter earnings of 72 cents a share.

Guess? also raised its full-year earnings estimate to a range of $2.60 to $2.62 a share from an earlier projection of $2.34 to $2.36. Wall Street expected 2006 earnings of $2.41 a share.

The company said its retail segment exceeded expectations amid higher revenue and better gross margins, which resulted from selling more items at full prices rather than markdowns.

Guess? also said that strong sales of accessories drove higher-than-expected licensing revenue, while its wholesale segment also benefited from higher revenue and improved margins.

Guess? plans to release its full financial results Feb.14.

Shares recently were up $3.26, or 4.4%, to $77.75, and earlier in the session hit an intraday 52-week high of $78.83.

More from Stocks

PayPal Just Revealed a Clever New Deal With Google

PayPal Just Revealed a Clever New Deal With Google

Dow Tumbles as Trump Calls Off North Korea Summit

Dow Tumbles as Trump Calls Off North Korea Summit

Jim Cramer: Why I am So Bullish on Apple's Services Revenue

Jim Cramer: Why I am So Bullish on Apple's Services Revenue

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Video: Jim Cramer on North Korea, Oil Prices, Apple and Carnival Corporation

Video: Jim Cramer on North Korea, Oil Prices, Apple and Carnival Corporation