UPDATE 1-Duff & Phelps Q4 adj profit in line with Street view

* Q4 adj EPS $0.24 vs est $0.24

* Revenue rises 4 pct

* Investment banking revenue rises two fold

Feb 23 (Reuters) - Financial advisory and investment banking firm Duff & Phelps Corp (DUF.N) posted a fourth-quarter adjusted profit in line with Wall Street's estimates.

The company posted a net profit attributable to shareholders of $4.6 million, or 18 cents a share, compared with $2.4, or 17 cent a share, a year earlier.

On an adjusted pro forma basis, the company earned 24 cents a share.

Analysts on average had expected earnings of 24 cents a share, on revenue of $97.5 million, according to Thomson Reuters I/B/E/S.

Revenue, excluding reimbursable expenses, rose more than 4 percent to $98.3 million. Investment banking revenue more than doubled to $12.2 million.

The company said it is well positioned to grow in its merger and acquisition related and other non-cyclical businesses as it enters a period of economic recovery.

Shares of the New York-based company closed at $16.92 Tuesday on the New York Stock Exchange. (Reporting by Abhinav Sharma in Bangalore; Editing by Maju Samuel)