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The MSCI index of Asian shares excluding Japan rose 0.9%.
The company said it earned 42 cents a share excluding charges.
Analysts had been expecting $4.37 a share, excluding charges.
Full-year earnings per share excluding items will be $1.78 to $1.88.
Earnings per share excluding one-time items dropped to 15 cents a share from 23 cents.
The retailer reiterated its profit estimate of $1.70 to $1.80 a share, excluding some expenses.
The company's revenue and earnings per share excluding special items exceeded Wall Street expectations.
That is up from 4 cents a share, excluding one-time restructuring charges, from the prior year.
Earnings will rise to $1.25 to $1.35 a share, excluding acquisition expenses, the company said.
The company reported first-quarter profit of 7 cents a share, excluding some costs, matching expectations.
Profit this year will be $1.36 to $1.44 a share excluding restructuring expenses and certain other costs, Libbey said.
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