Reporting Today -- January 21, 2015

See disclaimer.

Reporting today:

• KMI, expectation 34 cents; Kinder Morgan misses by $0.24, misses on revs; announces Steve Kean will become CEO, 10% increase in dividend (KMI) : Reports Q4 (Dec) earnings of $0.08 per share, $0.24 worse than the Capital IQ Consensus Estimate of $0.32; revenues rose 2.0% year/year to $3.95 bln vs the $4.3 bln consensus. Co announced that its board of directors approved a 10% increase in its quarterly cash dividend to $0.45 ($1.80 annualized) payable on Feb. 17, 2015.
• XLNX, expectation 61 cents;Xilinx beats by $0.01, misses on revs; guides Q4 revs below consensus : Reports Q3 (Dec) earnings of $0.62 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.61; revenues rose 1.2% year/year to $594 mln vs the $616.59 mln consensus. Co issues downside guidance for Q4, sees Q4 revs of approx $558-582 mln vs. $635.48 mln Capital IQ Consensus Estimate. Gross margin is expected to be approximately 68% to 69%. Xilinx sees Mar qtr sales are expected to be down 2% to down 6% sequentially; expectation was for 3% increase (consensus revenue equates to 7% increase off Dec. qtr actual)

Reporting tomorrow:

• CP.TO (Canadian Pacific Railway), expectation $2.56, 8:30 ET; 
• SBUX, expectation 80 cents; after market close;
• Union Pacific (UNP), expectation $1.51, before market open;
• Verizon (VZ) expectation, 73 cents; time not supplied.

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Job Watch

Regular readers know my skepticism with the weekly jobs report. I guess now that the media's president is a lame duck and looking for their new candidate, they can start reporting the job story from a different angle. Reuters is reporting:

U.S. cities will see strong job growth this year, but only about half will return to the employment peaks reached before the recession began more than seven years ago, according to an economic report released by the U.S. Conference of Mayors on Wednesday.

The president declared economic victory last night.

The article goes on:

At the beginning of 2015, only 164 areas had returned to their pre-recession, peak employment levels, or 45 percent of metropolitan areas that frequently encompass at least one city and surrounding suburbs.

At their annual meeting in the U.S. capital, mayors expressed concerns that the types of jobs being created were entry-level and part-time, and that the level of pay was low.

And government data supports the view that these are low-paying jobs that are being "created."