CORRECTED - CORRECTED-UPDATE 1-Websense Q4 revenue in line, sees weak 2010

(Corrects headline and text to show Q4 non-GAAP revenue was in line with, not below, market estimates)

* Q4 adj EPS $0.26 vs est $0.24

* Q4 non-GAAP rev $82.5 mln vs est $82.5 mln

* Sees 2010 adj EPS $1.16-$1.23 vs est $1.27

* Shares fall 4 pct after the bell

Feb 2 (Reuters) - Web-security software provider Websense Inc (WBSN.O) posted a quarterly profit that modestly beat expectations, while revenue was in line with market estimates, and forecast a weak full-year profit, sending its shares down 4 percent.

For the fourth quarter, net loss widened to $11 million, or 25 cents a share, compared with $5.7 million, or 13 cents a share, a year ago.

Excluding items, the company earned 26 cents per share, beating analysts' expectations of 24 cents, according to Thomson Reuters I/B/E/S.

Revenue rose marginally to $79.7 million. Non-GAAP revenue was $82.5 million, in line with analysts' view.

For 2010, Websense expects a profit of $1.16 to $1.23 per share, on revenue of $334 million to $342 million.

Analysts were expecting earnings of $1.27 a share, on revenue of $341.9 million.

Shares of the San Diego, California-based company fell 4 percent to $18.59 in extended trading, after closing at $19.41 Tuesday on Nasdaq. (Reporting by Sayantani Ghosh in Bangalore; Editing by Gopakumar Warrier)