Earnings roundup: Capital One, Chipotle

Earnings roundup: Capital One's 2Q net income rises; Chipotle's 2Q net income also rises

Associated Press

Among the earnings stories for Thursday, July 18, from AP Business News:

— Capital One Financial Corp. said that its second-quarter profit vaulted versus the same period last year, when the lender set aside $1.7 billion to cover bad loans.

— Chipotle Mexican Grill Inc. showed that diners can't seem to get enough of its burritos, bowls and tacos. The Denver-based casual dining chain reported after the market closed that its second-quarter revenue and net income rose as it added restaurants and lured more spending at established locations.

— Chip maker Advanced Micro Devices Inc. posted a loss for the second quarter, reversing a year-ago profit, as lower expenses could not make up for declining revenue in the midst of a worldwide PC slump.

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