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Masco (MAS) Stock Sharply Lower After Q3 Miss

NEW YORK (TheStreet) -- Shares of Masco (MAS) were diving 9.51% to $30.37 on heavy trading volume late Tuesday morning after the company posted weaker-than-expected results for the 2016 third quarter.

Before today's market open, the Taylor, MI-based home improvement and building products company reported adjusted earnings of 41 cents per share, below analysts' projections of 44 cents per share.

Revenue for the period was $1.88 billion, while analysts had forecast $1.92 billion.

"We invested in our industry leading brands to drive...