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Airbnb (ABNB) shares dropped 8.7% after the vacation rental platform posted mixed quarterly results, beating top-line estimates but falling short on profits. In a letter to shareholders, Airbnb said it is concentrating on expanding its global footprint, focusing on underpenetrated regions beyond its core markets.
Shares of police and military equipment supplier Axon Enterprise (AXON) led the S&P 500 higher on Friday, surging 26.7% to an all-time high following a strong quarterly earnings report. The Taser manufacturer topped third-quarter sales and profit estimates, boosted by revenue growth from its marquee "less-lethal" weapon, its software and sensors business, and its cloud services products.
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Cybersecurity firm Fortinet (FTNT) also exceeded expectations with its third-quarter revenue and earnings per share (EPS) results, and its shares popped 10.0% higher. Although Fortinet's guidance for current-quarter billings came in below consensus forecasts, the company posted record gross margins and touted a return to growth in product revenue. In addition, Fortinet's board of directors authorized a $1 billion increase in the company's stock buyback authorization.
The chapter also contains analyses on the development of industrial robot densities (number of robots in operation per 10,000 employees) in the manufacturing industry of over 40 countries and in the automotive versus the general industry (manufacturing without automotive) for over 20 countries.
Insulet (PODD) shares jumped 9.4% after the maker of insulin delivery devices posted better-than-expected quarterly sales and profits, driven by record year-over-year revenue growth. The company saw solid demand for its wearable insulin pumps, which eliminate the need for multiple daily injections for patients with insulin-dependent diabetes. In August, the Food and Drug Administration (FDA) expanded the indication for Insulet's Omnipod 5 device, making it the first and only automated insulin delivery device that's been greenlighted to treat both type 1 and type 2 diabetes.
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Despite posting better-than-projected quarterly revenue and net income, cloud networking provider Arista Networks (ANET) reported a sequential decline in gross margins, and its shares sank 7.2%. The company said it expects pressure on margins to persist in the current quarter. Arista also announced a four-for-one stock split, with split-adjusted shares set to begin trading on Dec. 4.
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Chapter 2 analyzes the worldwide spread of industrial robots. It contains summary tables of the world robot stock and the global robot supply by country, by application, or by industry.
Major U.S. equities indexes ticked higher to wrap up an eventful week of political and economic news. Election Day on Tuesday was followed by the Federal Reserve's announcement on Thursday of a quarter-point interest-rate cut.
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After crossing the 6,000-point threshold in intraday trading for the first time in history, the S&P 500 ended Friday just below that level, posting a daily gain of 0.4% to finish the historic week with an all-time closing high. The Dow advanced 0.6%, while the Nasdaq eked out a gain of 0.1%, with both indexes joining the S&P 500 in notching record closes.
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The data is collected from nearly all industrial robot suppliers worldwide either as primary data or as secondary data through national robotics associations. Therefore, World Robotics Industrial Robots covers the global industrial robot market. The publication also provides estimates of the operational stock of industrial robots at year-end.
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Michael Bromberg is a finance editor with a decade of experience. He is an expert at elucidating complex financial topics in clear, concise language. Michael received a Bachelor of Arts in literature from the University of Wisconsin-Madison and a master's in linguistics from the Universidad de Antioquia in Medellin, Colombia.
Chapter 4 discusses technological trends, market trends, and presents the forecast for the ongoing year and the next three years.
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For the Republic of China, the United States, Japan, Germany and the Republic of Korea, the value of the robot market, and the average unit prices of robots are calculated and an estimate of the total world market value of industrial robot sales is deduced.
This unique report provides global statistics on industrial robots in standardized tables and enables national comparisons to be made. It presents statistical data for around 40 countries broken down into areas of application, customer industries, types of robots and other technical and economic aspects. Production, export and import data is listed for selected countries. It also offers robot density, i.e. the number of robots per 10,000 employees, as a measure for the degree of automation.
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The weakest performance in the S&P 500 on Friday belonged to shares of Akamai Technologies (AKAM), which plunged 14.4% after the cloud services provider released its latest financial results. Although quarterly revenue edged out estimates and EPS matched expectations, Akamai's sales and profit guidance for the current quarter came in below consensus forecasts. The company also announced strategic shifts that include plans to lay off approximately 2.5% of its workforce.
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Finally, chapter 5 of World Robotics Industrial Robots provides a selection of case studies or use cases of actual robot installations from different countries and industries. These case studies illustrate the effects of robots on costs, production and employment and indicate the overall profitability of robot investments. They demonstrate how robots can solve specific problems, how such solutions have been obtained and what the implications are.
Chapter 3 presents statistical data on industrial robots for some 40 countries. The market analyses provide a discussion of the present situation and deduce a forecast of future robot installations for major markets. (see sample chapter)
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