The company reported earnings before certain costs such as stock compensation of 13 cents per share, squeezing past Wall Street’s consensus estimate of 12 cents per share. Revenue for the quarter came to $14.26 billion, up 7% from a year ago and ahead of the Street’s target of $13.81 billion.

Intel stock was wavering Thursday after the chip maker gave a softer-than-expected revenue forecast for the March quarter. Meanwhile, Intel’s interim co-CEOs told Barron’s there was no update around timing for the completion of the company’s permanent CEO search.

Intel’s (NASDAQ:INTC) woes have shown no signs of abating as the company appears to be struggling on almost all fronts. As the chip giant

Intel is expected to report fourth-quarter results after the market closes Thursday, with analysts expecting the chipmaker to swing to a loss.

Intel on Thursday posted December-quarter results that beat analysts' low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO.

Intel's first-quarter revenue forecast on Thursday missed analyst estimates, as the chipmaker grapples with tepid demand for traditional data center chips and declining share in the key personal computer market.