ORANGE COUNTY EARNINGS

ARV Assisted Living Inc.: The Costa Mesa operator of assisted living communities posted a first quarter net loss of $3 million, or 19 cents a share, which included $1.5 million of expenses related to its successful effort to fend off a hostile takeover bid by Seattle-based competitor Emeritus Corp. That compared with a net loss of $2.6 million, or 27 cents a share, for the 1997 first quarter. Revenue increased 18% to $27.3 million from $23.1 million.