Earnings Roundup: Magna, Sepracor

Among the earnings stories for Friday, Feb. 29, from AP Financial News:

NEW YORK (AP) _ Magna Entertainment Corp. said Friday its fourth-quarter loss widened, as the year-earlier period benefited from a large gain on asset sales.

MARLBOROUGH, Mass. (AP) _ Sepracor Inc., a research-based pharmaceutical company, said Friday it swung to a fourth-quarter loss, due to a hefty drug-licensing payment.

ATLANTA (AP) _ Caraustar Industries Inc., which manufactures converted recycled paperboard, said Friday its fourth-quarter loss narrowed, mostly due to lower restructuring costs and less significant write-downs.

LAS VEGAS (AP) _ Citadel Broadcasting Corp. said Friday its fourth-quarter loss widened primarily on asset impairment and disposal charges as the radio market continues to deteriorate.

NEW YORK (AP) _ Interpublic Group of Cos., an advertising and marketing services provider, said Friday its fourth-quarter profit more than tripled as sales rose and it held down expense growth.

MELBOURNE, Australia (AP) _ Centro Properties Group, which ran into trouble after a shopping spree to buy U.S. malls, said Friday it lost $1.05 billion in the six months ended Dec. 31.

SAN JOSE, Calif. (AP) _ Calpine Corp. said Friday it swung to a full-year profit, helped by a reorganization benefit after emerging from bankruptcy protection in January.