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Home Depot profit rises despite data breach

Home Depot's third-quarter profit rose 14% as sales climbed in the U.S., suggesting that a huge data breach announced two months ago has not shaken the faith of customers. The nation's biggest home improvement retailer stuck to its outlook for all of 2014, but said it could not account for all possible losses from a data breach it revealed in September that affected 56 million debit and credit cards. For the three months ended Nov. 2, Home Depot earned $1.54 billion, or $1.15 per share. That compares with $1.35 billion, or 95 cents, a year earlier. The housing sector had been hit hard early in the year by both bad weather and tight conditions in the market due to rising...

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