UPDATE 1-Volcano Q2 profit beats Street

* Q2 EPS $0.10 vs est of breakeven

* Revenue rises 36 pct to $73.5 mln

July 30 (Reuters) - Medical device maker Volcano Corp (VOLC.O) posted a strong quarterly profit, helped by growth in its intravascular ultrasound and functional measurement businesses, and forecast full-year earnings above analysts' estimates.

The company forecast fiscal 2010 earnings of 5 cents to 10 cents a share, on sales of $286 million to $290 million.

Analysts on average were expecting earnings of 4 cents a share, on revenue of $283.5 million, according to Thomson Reuters I/B/E/S.

For the second quarter, the company reported net income of $5.4 million, or 10 cents a share, compared with a net loss of $5.3 million, or 11 cents a share, a year ago.

Revenue rose 36 percent to $73.5 million, helped by a 25 percent increase in the intravascular ultrasound business and a 51 percent increase in the functional measurement business.

Analysts on average expected the company to break even on a per share basis, on revenue of $68.5 million.

Shares of the company closed at $21.06 Thursday on Nasdaq. (Reporting by Anand Basu in Bangalore; Editing by Anne Pallivathuckal)