UPDATE 1-Nice Systems Q3 net profit falls, beats estimates

* Q3 non-GAAP earnings per share $0.38

* Q3 revenue $146.1 million

* Q3 EPS view $0.37, revenue view $144.81 million

TEL AVIV, Nov 2 (Reuters) - Israeli digital recording systems maker Nice Systems (NICE.O) (NICE.TA) reported a lower third-quarter net profit on Tuesday that beat analysts' estimates by a cent.

Quarterly net income fell to $7.8 million, or 12 cents per diluted share, from $10.9 million or 18 cents a share in the same period last year.

Excluding one-off items such as acquisition expenses, Nice earned $24.0 million, or 38 cents per diluted share, down from $26.7 million, or 43 cents a share a year ago.

Non-GAAP revenue in the quarter fell 10.4 percent to $146.1 million.

Analysts expected Nice to earn 37 cents a share, excluding items, on revenue of $144.81 million, according to Thomson Reuters I/B/E/S. (Reporting by Tova Cohen; Editing by Jon Loades-Carter)