Home Depot quarter up

English: Logo for The Home Depot. Category:Bra...
English: Logo for The Home Depot. Category:Brands of the World (Photo credit: Wikipedia)
Home Depot Inc (HD.N), the world's No.1 home improvement chain, reported a better-than-expected quarterly profit as an improving job market encouraged Americans to spend more on renovations.
The company reaffirmed its 2014 sales growth forecast of about 4.8 percent and profit forecast of $4.54 per share.
That includes about $34 million of net costs related to a data breach between April and September.
The company said it may face other breach-related costs, including legal action, that could have a material impact on results for the fourth quarter and future periods.
The retailer is facing at least 44 civil lawsuits related to the breach in the United States and Canada.
The company's shares were down 0.4 percent at $97.66 premarket.
Home Depot said on Sept. 18 that hackers stole details on about 56 million payment cards in the attack.
The retailer said earlier this month that about 53 million email addresses were also stolen in the attack.
U.S. homebuilder sentiment hit new records in the August to October period as a firming job market unleashed pent-up demand, according to the National Association of Home Builders.

Home Depot's net income rose to $1.54 billion, or $1.15 per share, in the third quarter ended Nov. 2, from $1.35 billion, or 95 cents per share, a year earlier.
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