RALEIGH, N.C. (AP) _ BioDelivery Sciences International Inc. (BDSI) on Thursday reported first-quarter net income of $5.2 million.

The Raleigh, North Carolina-based company said it had net income of 5 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The specialty pharmaceutical company posted revenue of $41 million in the period, matching Street forecasts.

BioDelivery expects full-year revenue in the range of $170 million to $180 million.

The company’s shares closed at $3.41. A year ago, they were trading at $4.42.

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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 BDSI at https://www.zacks.com/ap/BDSI