BURLINGTON, N.J. (AP) _ Burlington Stores Inc. (BURL) on Thursday reported fiscal first-quarter net income of $16.2 million.

The Burlington, New Jersey-based company said it had net income of 24 cents per share. Earnings, adjusted for one-time gains and costs, were 54 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The discount retailer posted revenue of $1.93 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $2.01 billion.

For the current quarter ending in August, Burlington Stores expects its per-share earnings to range from 18 cents to 31 cents.

The company expects full-year earnings in the range of $6 to $7 per share.

Burlington Stores shares have fallen 46% since the beginning of the year. The stock has dropped 51% in the last 12 months.

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

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