BOSTON (TheStreet) -- Investors looking to play the better-than-expected economic growth in eurozone countries might be smart to buy U.S. companies like McDonald's (MCD) - Get Report and Philip Morris (PM) - Get Report, which derive a large chunk of their revenue from European countries.

Eurozone gross domestic product

, or GDP, rose to 0.8% in the first quarter, up from 0.3% in the fourth quarter of 2010. The acceleration came thanks to Germany and France, which reported growth of 1.5% and 1%, respectively.

Surprisingly, both Spain and Greece, which have been mired in debt crises, reported positive GDP figures. For Greece, which has been particularly hard hit, it was the first positive GDP figure since 2009. Following the release of the GDP report, the euro gained ground on the dollar, rising to $1.43.

U.S. companies with a big exposure to Europe could see some short-term benefit from the GDP numbers, says Paul Nolte, director of investments with Chicago-based Dearborn Partners.

"The fact that it came in above expectations is certainly a good thing," Nolte says. "The eurozone still has the same issues that they had prior, as the weaker countries are still weak and the stronger countries are still strong. This is marginally better for U.S. companies that export over there, although it's not the boon you'd like to see."

On the other hand, Jay Suskind, senior vice president with Duncan-Williams in New Jersey, says that the European GDP report isn't the panacea for the problems in Europe.

"This number is from the last quarter, and you've had a lot of issues lately in Europe," Suskind says. "You've had Greece, the euro has been softening, and Jean-Claude Trichet has been less hawkish, which signals that he sees more weakness in Europe than is out there. If this was the beginning of a new growth cycle, I'd certainly take a look at multinational companies with business in Europe. But I'm not so sure this time."

For U.S. investors looking to quickly capitalize on the report, one way would be to look at U.S. companies that generate much of their sales from the region. The

10 companies with the highest quarterly geographic segment revenue from Europe

are presented below, ranked by the percentage compared to total quarterly revenue.

10.

Edwards Life Sciences

(EW) - Get Report

Company Profile

: Edwards Life Sciences is a provider of products and technologies designed to treat advanced cardiovascular disease.

Current Share Price

: $89.29

Revenue from Europe Segment

: $139.5 million, or 34.5% of total revenue, according to Edwards Life Sciences' latest earnings release. Overall, the company had $404.5 million in revenue during the first quarter.

9.

Paccar

(PCAR) - Get Report

Company Profile

: Paccar manufactures and distributes high-quality, light, medium and heavy duty commercial trucks and related aftermarket parts and the financing and leasing of its trucks and related equipment.

Current Share Price

: $53.26

Revenue from Europe Segment

: $1.18 billion, or 36% of total revenue, according to the company's first-quarter earnings report. Overall, Paccar had sales of $3.28 billion in the first quarter.

8.

Dow Chemical

(DOW) - Get Report

Company Profile

: Dow Chemical produces chemicals, plastic materials, agricultural, advanced materials and other products and services. It is also engaged in the property and casualty insurance and reinsurance business.

Current Share Price

: $38.93

Revenue from Europe Segment

: $5.36 billion, or 36.4% of total revenue, came from Europe, Middle East and Africa, according to Dow's first-quarter earnings report. Overall, Dow Chemical had revenue of $14.7 billion in the quarter.

7.

Pall

(PLL) - Get Report

Company Profile

: Pall supplies filtration, separation and purification technologies, using its fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a wide variety of liquids and gases.

Current Share Price

: $55.81

Revenue from Europe Segment

: $240.4 million, or 37.3% of total revenue, according to Pall's fiscal second-quarter earnings release. Overall, Pall had revenue of $645.2 million in the quarter.

6.

Lexmark International

(LXK)

Company Profile

: Lexmark is a developer, manufacturer and supplier of printing and imaging solutions for offices and homes.

Current Share Price

: $30.56

Revenue from Europe Segment

: $389.5 million, or 37.7% of total revenue, came from Europe, Middle East and Africa, according to Lexmark's first-quarter earnings release. Overall, Lexmark had revenue of $1.03 billion in the quarter.

5.

Philip Morris International

(PM) - Get Report

Company Profile

: Philip Morris International manufactures and sells of cigarettes and other tobacco products. The company is best known for its Marlboro brand of cigarettes.

Current Share Price

TST Recommends

: $68.40

Revenue from Europe Segment

: $6.41 billion, or 38.8% of total revenue, before considering excise taxes on the product, according to the company's first-quarter earnings results. Overall, Philip Morris had $16.5 billion in sales during the quarter before excise taxes.

4.

McDonald's

(MCD) - Get Report

Company Profile

: McDonald's franchises and operates McDonald's restaurants in the food service industry.

Current Share Price

: $80.51

Revenue from Europe Segment

: $2.4 billion, or 39.9% of total revenue, according to McDonald's first-quarter earnings report. Overall, the restaurant operator had revenue of $6.1 billion.

3.

Molson Coors

(TAP) - Get Report

Company Profile

: Molson Coors produces, manufactures, markets and sells beer and other beverages through its subsidiaries. The company's best known brands include Molson, Coors, Blue Moon and Killian's Irish Red.

Current Share Price

: $46.03

Revenue from Europe Segment

: $274.7 million, or 41.1% of total revenue, came from the United Kingdom, according to Molson Coors' first-quarter earnings release. The company reports sales in three segments: U.S., U.K. and Canada.

2.

Owens-Illinois

(OI) - Get Report

Company Profile

: Owens-Illinois is a manufacturer of glass containers in Europe, North America, Asia Pacific and South America. Its main product lines are glass containers for the food and beverage industries.

Current Share Price

: $33.17

Revenue from Europe Segment

: $698 million, or 41.3% of total revenue, according to Owens-Illinois' first-quarter earnings release. Overall, the company had $1.72 billion in revenue during the quarter.

1.

Electronic Arts

( ERTS)

Company Profile

: Electronic Arts is a publisher of video games, most notably the

Madden NFL

series of games, as well as

Dead Space

,

Battlefield: Bad Company 2

, and

Mass Effect 2

.

Current Share Price

: $23.28

Revenue from Europe Segment

: $507 million, or 46.5% of total revenue, according to EA's latest earnings release. Overall, the company had $1.09 billion in revenue during the fiscal fourth quarter.

>>To see these stocks in action, visit the

10 U.S. Stocks With Big Exposure to a Rising Europe

portfolio on Stockpickr.

-- Written by Robert Holmes in Boston

.

>To contact the writer of this article, click here:

Robert Holmes

.

>To follow Robert Holmes on Twitter, go to

http://twitter.com/RobTheStreet

.

>To submit a news tip, send an email to:

tips@thestreet.com

.

Readers Also Like:

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.