Although Procter & Gamble's earnings surpassed expectations, weak demand in China negatively impacted their sales.

• Procter & Gamble beat quarterly earnings expectations but missed revenue estimates.
• The company said demand fell in its Greater China market.

On Friday, it was reported that the company experienced weaker-than-expected revenue due to lower demand in China affecting its sales.

Shares of the company were flat in premarket trading.

Based on a survey of analysts by LSEG, the company's reported results differed from Wall Street's expectations.

• Earnings per share: $1.93 adjusted vs. $1.90 expected
• Revenue: $21.74 billion vs. $21.91 billion expected

P&G's fiscal first-quarter net income decreased to $3.96 billion, or $1.61 per share, from $4.52 billion, or $1.83 per share, in the previous year.

The company's earnings per share were $1.93, excluding restructuring charges and other items.

Net sales dropped 1% to $21.71 billion.