The critical behavior of d-dimensional systems with an n-component order parameter is reconsidered at (m,d,n)-Lifshitz points, where a wave-vector instability occurs in an m-dimensional subspace of R d . Our aim is to sort out which ones of the previously published partly contradictory ⑀-expansion results to second order in ⑀ϭ4ϩm/2Ϫd are correct. To this end, a field-theory calculation is performed directly in the position space of dϭ4ϩm/2Ϫ⑀ dimensions, using dimensional regularization and minimal subtraction of ultraviolet poles. The residua of the dimensionally regularized integrals that are required to determine the series expansions of the correlation exponents l2 and l4 and of the wave-vector exponent  q to order ⑀ 2 are reduced to single integrals, which for general mϭ1, . . . ,dϪ1 can be computed numerically, and for special values of m, analytically. Our results are at variance with the original predictions for general m. For mϭ2 and mϭ6, we confirm the results of Sak and Grest ͓Phys. Rev. B 17, 3602 ͑1978͔͒ and Mergulhão and Carneiro's recent field-theory analysis ͓Phys. Rev. B 59, 13 954 ͑1999͔͒.