Also

* Irvine-based Edwards Lifesciences Corp. said fourth-quarter net income rose 49%, fueled by stronger heart valve therapy sales, better profit margins and a one-time item. Profit rose to $38.6 million, or 61 cents a share, from $25.9 million, or 42 cents, a year earlier. Analysts had expected 49 cents. Sales grew 5.3% to $249.7 million. Edwards’ shares fell 52 cents to $42.81. The results were released after markets closed.

* Fourth-quarter profit rose more than 11% at Irvine-based home builder Standard Pacific Corp. on gains in delivery unit volume and gross margins. Net income was $155 million, or $2.22 a share, up from $138.8 million, or $2.01, a year earlier. Sales rose 8.2% to $1.27 billion. Analysts had predicted earnings of $1.94. Shares of Standard Pacific fell 31 cents to $38.14. The results were released after markets closed.