Music Gear News
Steinway Music Instruments misses target by a penny
Steinway Musical Instruments announced its latest quarterly figures, revealing that it had missed its target by a penny.
The global manufacturer of music instruments reported first-quarter sales of $73 million (£45 million), which was six per cent up from last year.
However, earnings came in at $0.06 (£0.04) per share, a penny less than were forecasted.
The company was upbeat and optimistic about the future: "We are seeing a nice recovery and the steps taken to lean out our cost structure are having a noticeable effect on our results.
"We delivered solid growth in sales and gross margins, both domestically and overseas."
The outlook does look promising for the company. 2012's projections average $1.57 (£1.00), up 56 per cent.
It has over 14 manufacturing facilities in the US and Europe.
Buy Pianos & Keyboards Now
Posted on 15 Jun 2011 09:36 to category : Instruments News
Related Music News
The Roland SPD: ONE ELECTRO Trigger Pad is a next level sound solution developed to enhance and diversify your performances, giving your playing extra depth.
A new take on a modern-day classic, the Pioneer DJ DJM-900NXS2-W Controller presents all of your favourite functionality in a striking, bold new finish.
Available for a strictly limited time only, the Pioneer DJ CDJ-2000NXS2 Controller comes available in a striking white finish and unique custom plaque
After an image of Yamaha's Genos Workstation made its way on to the web, the new workstation has set the internet alight with speculation as to its final form.
The Fender '64 Custom Deluxe Reverb Amp takes all of the vintage tonality of 1960's Fender amps and reiterates them into a completely new modern format.
Taking inspiration from the coveted NSX2 Mixer, the Pioneer DJ XDJ-RX2 All-In-One DJ Controller promises, even more, functionality and practical applications.
Recent Music News
The Roland SPD: ONE Percussion Trigger Pad offers percussion players a versatile and eclectic tonal palette for all of their percussion based needs.
The Roland SPD: ONE KICK Trigger Pad gives the solo musician a convenient means to spice up their live performances and introduce a new percussive dynamic.
Ideal for those looking to spice up their live performances, Roland's SPD:: ONE WAV Trigger Pad can take samples extending up to the length of an entire song.
Ideal for fitting in places which other mics can't, the Hummingbird Small Diaphragm Mic is part of a two for one offer that runs until 30th of November.
The TC Electronic Unitune Tuner is the latest tuning accessory developed by the Denmark based innovators. Modern, and wildly practical, the Unitune has it all.
Ever wanted to experience the full glory of your tube amp a low, house-friendly volume? Now you can with the revolutionary Two Notes Torpedo Captor unit.