MELVILLE, NY – Electronic components distributor Nu Horizons Electronics Corp. said its first-quarter profit fell 43%.
Net income for the quarter was $1.8 million, down from $3.2 million year-over-year. Revenue for the quarter was $192.3 million, up 2% from the same period last year.
The company said systems sales dropped by $17 million after it lost business from some large customers.

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