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Investopedia explains 'Quarter On Quarter - QOQ'
For example, the QOQ measure can be used to compare the earnings between quarters. Let's say that the ABC Company's first quarter earnings were $1.50 per share and its second quarter earnings were $1.75 per share. This means that the company has grown its earnings by 16.6% quarter-on-quarter ($1.75-$1.50/$1.50), which is a good sign for investors.
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