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

Standard Pacific Corp.: The Costa Mesa home builder reported a net loss of $27.4 million, or 90 cents a share, for 1995, which included a $46.5-million noncash pretax charge required by a new accounting rule that changes the method of valuing long-lived assets. For 1994, the company recorded net income of $5.9 million, or 19 cents a share. Revenue declined 7% to $387.2 million from $417.9 million. For the fourth quarter, the company lost $29.2 million, or 97 cents a share, contrasted with profit of $2.1 million, or 7 cents a share, for the year-earlier period. Revenue was down 9% to $110.5 million from $121.7 million.