PARSIPPANY, N.J. (AP) _ Pacira Pharmaceuticals Inc. (PCRX) on Tuesday reported first-quarter profit of $10.4 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had net income of 23 cents. Earnings, adjusted for one-time gains and costs, came to 53 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The specialty drugmaker posted revenue of $119 million in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $117.2 million.

Pacira shares have climbed nearly 3% since the beginning of the year. The stock has climbed 60% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCRX at https://www.zacks.com/ap/PCRX