Shares of Department-store operator Sears Holdings Corp. climbed on Thursday after the company increased its earnings forecast for the fourth-quarter.

Sears predicted today its fourth-quarter earnings per share of $2.44 to $3.09, excluding one-time items and full-year net income of $1.27 to $1.90 a share today, surpassing analysts’ forecasts.

Shares of Sears Holdings Corp climbed the most in five years 23 percent or $9.43 to close at $49.98 a share.