Pre-Open Stock Movers:

Cassava Sciences, Inc. (Nasdaq: SAVA) 18% HIGHER; announced that management is scheduled to present at the Jefferies Virtual Healthcare Conference today, June 3, 2020, at 3:00 pm EST.

Evofem Biosciences, Inc. (NASDAQ: EVFM) 10.9% LOWER; announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering.

Reinsurance Group of America (NYSE: RGA) 10% LOWER; announced today that it has commenced an underwritten public offering of approximately $500 million of shares of RGA’s common stock, par value $0.01 per share.

Digital Turbine (NASDAQ: APPS) 9.2% HIGHER; reported Q4 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $39.4 million versus the consensus estimate of $38.45 million. Digital Turbine sees Q1 2021 revenue of $47-50 million, versus the consensus of $41.98 million.

HealthEquity (NASDAQ: HQY) 8.9% LOWER; reported Q1 EPS of $0.43, $0.01 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $190 million versus the consensus estimate of $193.32 million. HealthEquity sees Q2 2021 EPS of $0.23-$0.30, versus the consensus of $0.45. HealthEquity sees Q2 2021 revenue of $168-173 million, versus the consensus of $191.51 million.

Cheesecake Factory (NASDAQ: CAKE) 8.6% HIGHER; reopened restaurants have recaptured, on average, approximately 75% of prior year sales levels.

NIO (NYSE: NIO) 8.1% HIGHER; Goldman Sachs upgraded from Neutral to Buy with a price target of $6.40.

Everi Holdings Inc. (NYSE: EVRI) 7% LOWER; reported Q1 EPS of ($0.16), $0.06 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $113 million versus the consensus estimate of $116.11 million.

Assertio Therapeutics (NASDAQ: ASRT) 7.1% HIGHER; Brookline Capital Markets initiates coverage with a Buy rating and a price target of $3.50.

Red Robin Gourmet Burgers (NASDAQ: RRGB) 6.8% HIGHER; to Have Re-Opened Approximately 65% Company-operated Dining Rooms by June 7.

Canada Goose (NYSE: GOOS) 6.7% HIGHER; reported Q4 EPS of Cdn$0.02, versus Cdn$0.08 reported last year. Revenue for the quarter came in at Cdn$140.9 million, versus Cdn$156.2 million reported last year. Says seeing 'green shoots' in mainland China.

Microchip Technology Incorporated, (NASDAQ: MCHP) 6.5% HIGHER; now expects consolidated net sales for the June quarter to be $1.247 billion to $1.326 billion, or between flat and down 6% sequentially with a mid-point of down 3.0%. Microchip previously provided guidance on May 7, 2020 for consolidated net sales to be $1.194 billion to $1.3 billion or down between 2% and 10% sequentially, with a midpoint of down 6%. GAAP earnings per share is now expected to be between $0.25 and $0.39 and non-GAAP earnings per share is expected to be between $1.35 and $1.53. The original guidance for GAAP earnings per share was $0.13 to $0.31 and the original guidance for non-GAAP earnings per share was between $1.25 and $1.45. We are not able to estimate the amount of Special Charges and Other Expense or the amount of any gain or loss on the recently completed debt retirement and convertible debt exchange transactions, and therefore our estimate of GAAP earnings per share excludes any such amounts. (*Consensus sees Q1 EPS of $1.34 on revenue of $1.25 billion).

CrowdStrike Holdings Inc. (NASDAQ: CRWD) 6.5% HIGHER; reported Q1 EPS of $0.02, $0.08 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $178.1 million versus the consensus estimate of $165.41 million. CrowdStrike Holdings Inc. sees Q2 2021 EPS of ($0.02)-$0.00, versus the consensus of ($0.06). CrowdStrike Holdings Inc. sees Q2 2021 revenue of $185.8-190.3 million, versus the consensus of $173.09 million. CrowdStrike Holdings Inc. sees FY2021 EPS of ($0.08)-($0.05), versus the consensus of ($0.12). CrowdStrike Holdings Inc. sees FY2021 revenue of $761.2-772.6 million, versus the consensus of $727.5 million.

Glu Mobile Inc. (NASDAQ: GLUU) 3.5% LOWER; announced that it intends to offer $100 million of its common stock in an underwritten public offering.

Left (NASDAQ: LYFT) 3.1% HIGHER; says rides on its rideshare platform in May increased 26% versus April.

Zoom (NASDAQ: ZM) 1.8% HIGHER; reported Q1 EPS of $0.20, $0.11 better than the analyst estimate of $0.09. Revenue for the quarter came in at $328.2 million versus the consensus estimate of $202.48 million. Zoom sees Q2 2021 EPS of $0.44-$0.46, versus the consensus of $0.11. Zoom sees Q2 2021 revenue of $495-500 million, versus the consensus of $223.32 million. Zoom sees FY2021 EPS of $1.21-$1.29, versus the consensus of $0.45. Zoom sees FY2021 revenue of $1.775-1.8 billion, versus the consensus of $0.934 billion.

Royal Caribbean Cruises Ltd. (RCL) 1.8% LOWER; Morgan Stanley downgraded from Equalweight to Underweight

UBER (NASDAQ: UBER) 1% HIGHER; gains on Lyft numbers

Carnival Corporation (NYSE: CCL) 1% LOWER; Morgan Stanley downgraded from Equalweight to Underweight with a price target of $11.00.