Arca writes first quarter in red ink due to start-up costs

May 08, 2012 | 02:19 PM | Lisa Gordon

Tags  Appliance Recycling Centers of America, Arca, Edward Cameron, Lisa Gordon

PITTSBURGH — Appliance Recycling Centers of America Inc. (Arca) fell into the red in the first quarter, due largely to the cost of investments.

The Minneapolis-based recycler posted a $66,000 net loss for the three months ended March 31, in contrast to net income of $674,000 in the same period last year, on revenue that slipped 1.7 percent to $29.4....

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