NEW YORK (TheStreet) -- Shares of Rite Aid are climbing on Thursday after the drugstore chain reported higher-than-expected profit for the fourth quarter on growing pharmacy same-store sales and issued a 2015 earnings forecast above analysts' estimates.
Shares of Rite Aid (RAD) are climbing on Thursday after the drugstore chain reported higher-than-expected profit for the fourth quarter and issued a 2015 earnings forecast above analysts' estimates.
Excluding items, the company earned 10 cents a share in the quarter on revenue of $6.6 billion on growing pharmacy same-store sales. Analysts were expecting a profit of 4 cents a share on revenue of about $6.5 billion, according to Thomson Reuters. Looking forward, Rite Aid forecast full-year 2015 earnings of 31 cents to 42 cents a share on sales of $26 billion to $26.5 billion, beating analysts' forecasts of profit of 35 cents a share on revenue of about $25.7 billion.
WATCH: More videos from Brittany Umar on TheStreet TV
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts