The company, however, also detailed a cautious outlook for the full year 2012, citing European concerns, sending its shares plunging by more than 18.5 percent in afternoon trade on the Nasdaq.
At 4.15pm EDT, shares were down 17.52 percent at $8.24.
The pen maker said for 2011, it expects to meet its earlier outlook of $0.67 to $0.70 basic earnings per share. In 2010, it reported $0.50 basic earnings per share.
For 2011, the company expects diluted earnings of $0.62 to $0.65 per share and for 2012, A.T. Cross expects to reported diluted earnings of $0.70 to $0.75 per share.
On a diluted basis, analysts expect 2011 earnings of $0.66 per share on revenue of $180 million, and 2012 per share earnings of $0.84 on revenue of $196 million, according to Yahoo Finance.
A.T. Cross president and chief executive officer, David G. Whalen, said: "We are pleased that both of our operating segments grew in 2011.
"Focused investment in our Cross Optical Group continued to pay off as we expanded both the Costa and Native brands into new doors and geographies, launched the Costa prescription sunglass program and introduced several new Native products including ski goggles. Our confidence in the Optical Group's business model and growth prospects remains very high."
"The Cross Accessory Division grew 5 percent in 2011. However, the growth the division experienced in the first nine months of the year did not continue during the fourth quarter when year over year Accessory Division revenue declined 6 percent.
"The primary driver of this performance was that sales in Europe during the fourth quarter fell at a double digit rate offsetting the growth delivered in that region in the first nine months and resulting in flat sales for the year.
"Until we gain more visibility into the health of the European economy, we have built some caution into our 2012 earnings guidance," Whalen said.
The Lincoln, Richmond-based company is expected to release its 2011 earnings on February 22.