The stock was last quoted at $44.70, up 11.5%, on volume of nearly 530,000, according to Nasdaq.com. Based on a regular session close at $40.10, the shares were down 17.3% since the start of 2011. The company cited strong demand in Europe and Asia and improving margins for its strong performance in the latest quarter. "We continued to expand the global presence of the Guess? brand, with each of our segments growing in the quarter," said Paul Marciano, the company's chairman and CEO, in a statement. "Europe and Asia continued to drive that expansion, individually delivering double digit revenue increases, which combined to represent almost two-thirds of the Company's top line growth." Marciano continued: "Our team executed well, managing costs and inventories tightly, which produced an operating margin that was two full points stronger than our previous expectations." Guess forecast earnings of 77 to 83 cents a share in its fiscal second quarter ending in July with revenue ranging from $645 million to $660 million, and said it sees earnings of $3.30 to $3.50 a share on revenue of $2.74 billion to $2.80 billion for the year. Wall Street's current consensus views are for earnings of 79 cents a share in the second quarter and $3.39 a share for the fiscal year ending in January 2012. Analysts were leaning bullish ahead of the report with nine of the 14 ratings on the stock either strong buy (6) or buy (3) with the remainder at hold (5). The median 12-month price target is $52.