Nu Horizons Electronics Corp. expected to Report Q3 2010 Results on January 4, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).

Nu Horizons Electronics Corp. reported un-audited consolidated earnings results for the second quarter and six months of fiscal 2010 ended August 31, 2009. Net sales for the quarter ended August 31, 2009 were $156,600,000 as compared to $211,813,000 for the comparable period last year, a decrease of 26.1%. Net income for the quarter was $543,000 or $0.03 per diluted share as compared to net income of $192,000 or $0.01 per diluted share for the second quarter of the prior year. The current quarter included a tax benefit of $0.07 per diluted share primarily related to a net operating loss and foreign income taxed at lower rates than the U.S. Sequentially, net sales for the quarter ended August 31, 2009 increased $8,841,000 or 6.0%, from $147,759,000 in the first quarter of fiscal 2010. Operating loss was $377,000 compared to operating income of $1,567,000 of previous year period. Loss before provision for no controlling interest was $640,000 against income of $687,000 for the comparable period last year. For the six months ended August 31, 2009, net sales decreased to $304 360,000 or 26.1% from $411,965,000 in the comparable period last year. The net loss for the six-month period was $401,000 or $0.02 per diluted share (including a tax benefit of $0.08 per diluted share) compared to net income of $1,347,000 or $0.07 per diluted share in the prior year. Net of tax, the effect on diluted earnings per share related to professional fees associated with the ongoing SEC investigation of Vitesse Semiconductor Corp. was $0.01 and $0.06 for the three months and $0.02 and $0.08 for the six months ended August 31, 2009 and 2008, respectively. Operating loss was $1,031,000 compared to operating income of $4,346,000 of previous year period. Loss before provision for no controlling interest was $1,714,000 against income of $2,534,000 for the comparable period last year.

Nu Horizons Electronics Corp. reported cash flow results for the six months ended August 31, 2009. For the period, the company generated $18.3 million of cash from operations.