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.

VIDEO TRANSCRIPT:

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

The company said it expects its pharmacy sourcing deal with McKesson as well as new and higher-priced generic drugs to drive sales in 2015. Rite Aid also announced that it acquired Texas clinic operator RediClinic, but did not disclose details of the transaction.

At last check, shares of Rite Aid were climbing more than 14% to $7.32.

In New York, I'm Brittany Umar for TheStreet.

Written by Brittany Umar in New York.

If you liked this article you might like

Walgreens Is Primed to Rally, With or Without Rite Aid

S&P 500 and Dow Score Records With Wall Street Upbeat Ahead of Fed

S&P 500 and Dow on Track for Records With Markets in Good Mood Ahead of Fed

Walgreens to Tweak Number of Rite Aid Stores It Buys to Win Regulatory Approval

Will the FTC Let Walgreens Go on a $5.2 Billion Rite Aid Shopping Spree?