EXHIBIT 11



NU HORIZONS ELECTRONICS CORP.

Computation of Per Share Earnings



|                                                                 |  |                    |            |   |                  |   |            |                  |  |   |           
|---------------------------------------------------------------- |  | ------------------ | ---------- | - | ---------------- | - | ---------- | ---------------- |  | - | ----------
|                                                                 |  | For The Year Ended
|                                                                 |  | February 29,2004   |            |   | February 28,2003 |   |            | February 28,2002
|BASIC EARNINGS:                                                  |  |                    |            |   |                  |   |            |                  |  |   |           
|Net (loss) income                                                |  | $                  | (847,999   | ) |                  | $ | (2,511,638 | )                |  | $ | 2,219,676 
|                                                                 |  |                    |            |   |                  |   |            |                  |  |   |           
|SHARES                                                           |  |                    |            |   |                  |   |            |                  |  |   |           
|Weighted average number of common shares outstanding             |  |                    | 16,729,163 |   |                  |   | 16,663,817 |                  |  |   | 16,574,911
|                                                                 |  |                    |            |   |                  |   |            |                  |  |   |           
|Basic earnings per common share                                  |  | $                  | (.05       | ) |                  | $ | (.15       | )                |  | $ | .13       
|                                                                 |  |                    |            |   |                  |   |            |                  |  |   |           
|DILUTED EARNINGS:                                                |  |                    |            |   |                  |   |            |                  |  |   |           
|Net (loss) income as adjusted                                    |  | $                  | (847,999   | ) |                  | $ | (2,511,638 | )                |  | $ | 2,219,676 
|                                                                 |  |                    |            |   |                  |   |            |                  |  |   |           
|SHARES:                                                          |  |                    |            |   |                  |   |            |                  |  |   |           
|Weighted average number of common shares outstanding             |  |                    | 16,729,163 |   |                  |   | 16,663,817 |                  |  |   | 16,574,911
|Assumed conversion of stock options                              |  |                    |           |   |                  |   |           |                  |  |   | 855,421   
|                                                                 |  |                    |            |   |                  |   |            |                  |  |   |           
|Weighted average number of common shares outstanding as adjusted |  |                    | 16,729,163 |   |                  |   | 16,663,817 |                  |  |   | 17,430,332
|                                                                 |  |                    |            |   |                  |   |            |                  |  |   |           
|DILUTED EARNINGS PER COMMON SHARE                                |  | $                  | (.05       | ) |                  | $ | (.15       | )                |  | $ | .13       
|                                                                 |  |                    |            |   |                  |   |            |                  |  |   |