General Motors rises on full-year profit forecast raise, Q1 beat

** Shares of General Motors GM rise 2.8% to $44.40 premarket

** Co expects FY24 adj. pretax profit between $12.5 billion and $14.5 billion, up from $12 billion to $14 billion it previously forecast

** Its first-quarter net income rises 24.4% to $3 bln, revenue gains 7.6% to $43 bln compared with analyst estimate of $41.9 bln - LSEG

** Co reports adj. profit of $2.62/shr, beating analysts' estimate of $2.15/shr

** "Our consumer has been remarkably resilient in this period of higher interest rates," GM CFO Paul Jacobson said

** 20 of 30 brokerages rate the stock "buy" or higher, 9 "hold" and 1 "sell"; their median PT is $48

** YTD, GM up 20.3%