Standard Pacific Corp.: The Costa Mesa home...

Standard Pacific Corp.: The Costa Mesa home builder reported first-quarter profit of $519,000, or 2 cents a share. That compared to a profit of nearly $2 million, or 7 cents a share, for the same period a year earlier, when the company gained $858,000 from an accounting change. Revenue for the latest three months rose 51% to $78.9 million from $52.2 million. The company said new orders for its home-building operation were up 61% for the first quarter.