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Jim Cramer's Thoughts on McDonald's Earnings

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McDonald's (MCD) - Get McDonald's Corporation 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.

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