Legg Mason, MGM Mirage, AK Steel Big Movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Legg Mason Inc., down $3.90 at $18.63

Lower-than-expected revenue forced the asset manager to report a wider fourth-quarter loss, and it slashed its dividend by 88 percent.

MGM Mirage, up $3.36 at $12.80

The sale of a hotel and casino helped the company report a first-quarter profit, and its CEO said demand looks to be firming.

Avon Products Inc., down $2.14 at $23.08

Weaker cosmetics demand, plus the strong dollar's adverse effect on foreign revenue, led to a 36 percent drop in first-quarter profit.

Kindred Healthcare Inc., up $2.08 at $16.99

The hospital operator's first-quarter profit came in above analysts' estimates, and it backed its profit expectations for the year.

Louisiana-Pacific Corp., up 45 cents at $4.91

Lower raw-material costs helped the building products maker to report a narrowed first-quarter loss, topping Wall Streets expectations.

AK Steel Holding Corp., down $1.27 at $14.39

Production cuts by Detroit auto makers have hurt steel prices, and the steelmaker warned of a larger-than-expected second-quarter loss.

International Game Technology, up 86 cents at $15.07

The slot-machine maker plans to offer $500 million in convertible notes, with some of the proceeds aimed at paying down debt.

NASDAQ

Texas Roadhouse Inc., up 85 cents at $12.02

The addition of 33 restaurants helped the company report an 11 percent jump in quarterly profit, beating Wall Street's expectations.