Ericsson shares spike as it rolls with the Chinese punches

Swedish kit vendor Ericsson managed to offset continued decline in China with gains elsewhere and improved its margins in Q4 2021, which seems to have pleased investors.
Organic sales grew slightly by 2% year-on-year, but that includes the drag of a three percentage point decline in China. Gross margin also improved by three percentage points, resulting in a 41% YoY jump in profit. All this contributed to an 8% spike in Ericsson’s share price as invested approved of all that lovely extra c