Some analysts say the outlook looks conservative. Another says investors are in wait-and-see mode while Intel works to hire a permanent CEO.

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.

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