Good news for McDonalds Company as its net income increases by 9% to $1.51 billion in their third quarter. The company is seeing a good sign with the ever tightening economy. This is their 9th straight quarter earnings gains.

Net income of the fast food giant company had increased to a 14% to $7.17 billion, which beat the analysts forecast of $7.02 billion. The revenue from stores that opened from the last 13 months also rose to 5%. This is a good sign that the company is doing good despite the impact of closed locations or recently opened stores.

The figures only show the expenditures on food at both company-owned and franchised restaurants and it does not give a preview of Mc Donald’s revenues which is comprised of company-owned stores with feed and rents paid by franchise. Analysts expected a $1.43 figure per share but the company beat it at 1.45.

"The investments we are making to optimize our menu, modernize the restaurant experience and broaden McDonald's accessibility with ongoing convenience and value platforms are driving profitable market share growth - a clear indication that our strategy is working," CEO Jim Skinner said in a statement.

Meanwhile, a third quarter conference with analysts will be held Friday. During the past two quarters, the large part of the conference issue was all about menu prices. McDonalds raised price this year due to higher costs on ingredients, and other materials. However, they do not plan to raise too much because this might seriously drive away budget-conscious customers.