WASHINGTON (dpa-AFX) - Automajor General Motors Co. (GM), while reporting
higher first-quarter results, on Tuesday raised its forecast for fiscal 2024
earnings.

In pre-market activity on the NYSE, GM shares were gaining around 3.5 percent to
trade at $44.70.

For the full year, the company now expects net income attributable to
stockholders of $10.1 billion to $11.5 billion, higher than previously expected
$9.8 billion to $11.2 billion.

Earnings per share are now expected to be $8.94 to $9.94, and adjusted earnings
are now expected to be $9.00 to $10.00. Previously, the company projected
earnings of $8.50 to $9.50 per share, both on a reported and adjusted basis.

Analysts on average expect the company to report earnings of $9.08 per share,
according to figures compiled by Thomson Reuters. Analysts' estimates typically
exclude special items.

In its first quarter, GM's profit increased from last year and beat the Street
estimates.

The company's earnings totaled $2.97 billion, or $2.56 per share, compared with
$2.37 billion, or $1.69 per share, in last year's first quarter.

Adjusted earnings were $3.04 billion or $2.62 per share for the period. Analysts
had expected the company to earn $2.14 per share.

The company's revenue for the quarter rose 7.6 percent to $43.01 billion from
$39.99 billion last year. The Street is looking for revenues of $41.88 billion
for the quarter.

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