UNION, N.J. — Bed Bath & Beyond Inc. (BBBY) on Wednesday reported a loss of $50.9 million in its fiscal first quarter.

On a per-share basis, the Union, New Jersey-based company said it had a loss of 48 cents. Earnings, adjusted for one-time gains and costs, were 5 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The home goods retailer posted revenue of $1.95 billion in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $1.87 billion.

For the current quarter ending in September, Bed Bath & Beyond expects its per-share earnings to range from 48 cents to 55 cents.