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

Standard Pacific Corp.: The Costa Mesa home builder reported a profit of $5.9 million, or 19 cents a share, for 1994. That compared to earnings of $2.7 million, or 9 cents a share, for the previous 12 months. Annual revenue rose 43% to $420.5 million from $293.8 million. For the fourth quarter, the company posted a profit of $2.1 million, or 7 cents a share, compared to earnings of $472,000, or 2 cents a share, for the same period a year earlier. Three-month revenue increased by 22% to $122.3 million from $100.6 million.