McDonald's Posts Better Than Expected Earnings

McDonald's (MCD) - Get Report shares are surged Friday after posting third quarter earnings of $1.50 a share, beating the Street's forecast by two pennies. Revenue of $6.4 billion eclipsed the $6.3 billion analysts were looking for. Comparable store sales rose 1.3%, beating forecasts of 1.2% fueled by its day-long breakfast menu and healthier food items. International sales growth of 3.3% also topped forecasts. McDonald's President and Chief Executive Officer Steve Easterbrook said, "Our third quarter results, including our fifth consecutive quarter of positive comparable sales across all segments as well as improved restaurant profitability, are a testament to the progress we are making to satisfy the needs of today's dynamic customers." TheStreet's Scott Gamm reports from Wall Street.