Jim Cramer's Thoughts on McDonald's Earnings

McDonald's (MCD) - Get Reportreported earnings this morning, missing on both the top and bottom lines.

The fast food giant said adjusted earnings for the three months ending in September came in at $2.11 per share, essentially flat to the same period last year and missing the Street consensus forecast of $2.21 er share. Group revenues, McDonald's said, rose 1% to $5.4 billion, modestly shy of the $5.49 billion expected by analysts that follow the restaurant group.

Jim Cramer broke down why he thinks it's an intriguing buy here:

"The reason why I think that McDonald's is, I said when it was down seven that it was intriguing, was, It's very difficult to have, and this is a really interesting concept, bear with me, a downside surprise is hard to come by when a top level analyst tells you there's going to be a downside surprise. So they basically delivered the not great number."

Watch the video above to see what else Cramer had to say about McDonald's.