KB Homes saw its stock rise 8.4 percent Friday after reporting first quarter results that beat analysts’ expectations and an increase in both orders and delivered homes.

The Los Angeles homebuilder reported net income of $7.8 million (8 cents a share) for the quarter ended Feb. 28, compared to $10.6 million (12 cents) in the same period a year earlier. Revenue rose 29 percent to $580 million. Analysts expected the company to report net income of 2 cents a share on revenue of $474 million.

The company reported that orders for the quarter increased by 24 percent in volume to 552 and also increased 25 percent in value to $318 million. The number of homes delivered increased 20 percent, to 414 homes.

Shares of KB Home rose $1.18 to close at $15.26.