Intel ( INTC ) reported a fourth-quarter loss that came in narrower than analysts expected.

The chipmaker saw revenue fall 7% year-over-year to $14.3 billion, topping the analyst consensus from Visible Alpha. Intel posted a loss of $100 million, or 3 cents per share, compared to a profit of $2.7 billion, or 63 cents per share, a year earlier. The loss was narrower than analysts expected. Intel's foundry division, which makes chips for other companies, delivered revenue of $4.5 billion, beating estimates.

Looking ahead, Intel projected first-quarter revenue of $11.7 billion to $12.7 billion, below the analyst consensus of $12.9 billion. Its expected loss of 27 cents per share is also wider than the 13 cents analysts were looking for.

The results represent Intel’s first since former CEO Pat Gelsinger stepped down last month. The company has not yet named a permanent successor.

The chipmaker has also been the subject of takeover rumors recently, with Citi analysts identifying Broadcom ( AVGO ) as “the most likely” potential buyer, adding that the rival chipmaker might sell Intel's foundry business.

Shares of Intel rose about 2% in extended trading Thursday following the release. The stock had lost more than half its value over the past 12 months through Thursday’s close.

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