ORANGE COUNTY EARNINGS

Capital Pacific Holdings Inc.: The Newport Beach home builder said it lost $5.2 million, or 35 cents a share, for the third fiscal quarter, which included an $8-million restructuring charge. On Oct. 1, the company transferred nearly all its assets and liabilities to its newly formed entity, Capital Pacific Holdings LLC. The $8-million noncash charge was primarily against the value of certain real estate projects.

For the comparable period last year, the company reported net income of $940,000, or 6 cents a share. Revenue for the quarter ended Nov. 30 declined 6% to $47.7 million from $51 million.

For the nine-month period, the company posted a net loss of $2.7 million, or 18 cents a share, contrasted with profit of $3.3 million, or 22 cents a share, for the like three quarters of the prior year. Revenue was down 20% to $128.8 million, from $161.5 million.