Evercore Partners' First Impressions of Charter's 4Q11 Earnings

In a research report published earlier today by Evercore Partners, Charter Communications Inc.

experienced better revenue performance in 4Q11. “Revenue growth of 2.6% exceeded our estimate by 80 bps, driven by stronger than expected data and voice ARPU combined with fewer video subscriber losses. Advertising and Other revenue also contributed to the better revenue performance. EBITDA growth was 120 bps higher than we expected with margin 19 bps higher. Capex was slightly higher than we had estimated,” Evercore Partners commented in the report. Evercore Partners maintains its Equal-Weight rating and $59 PT on Charter, which closed Friday at $63.43.