AMD Earnings ReportIf last quarter’s results are any indication of Advanced Micro Devices' (AMD) stock movement on the market, the direction is down, then up. GPU sales during the holiday period are the primary driver for the company’s earnings report. After the stock peaked at $12.42 at the end of last year, bulls are clearly nervous. Polaris GPUs are not the only things to look forward to.AMD announced RyZen at the start of 2017 but its prospects will not drive the share price when AMD reports results. The company shipped RyZen to OEMs for testing and certification only. A full production launch will not happen until March 3.Quarterly lossOf the 18 analysts covering AMD, the average expectation for AMD is a $0.02 per share loss. The range is between -$0.01 and -$0.03 per share, per yahoo finance. Currency in USD Earnings Estimate Current Qtr. Next Qtr. Current Year Next Year No. of Analysts 18 18 20 21 Avg. Estimate -0.02 -0.04 -0.15 0.05 Low Estimate -0.03 -0.07 -0.19 -0.18 High Estimate -0.01 N/A -0.1 0.32 Year Ago EPS -0.1 -0.12 -0.54 -0.15 Investors do not expect more patent IP licensing deals announced in the quarter. Chip sales to console manufacturers likely rose as Sony refreshed the PlayStation and Microsoft benefited from earning the top-selling console title in the second half of 2016.AMD’s underperformance on the market suggests some possible downside risks following the earnings result. The markets got ahead of itself as usual by pricing in Ryzen taking market share from Intel (INTC). The chances are good that AMD will price Ryzen competitively against Intel’s i7 chip. So long as Intel does not under-cut its chip prices, AMD will report a profit for the full fiscal year.