UPDATE 1-BGC Q2 profit tops Street view, sees weak Q3 revenue

* Q2 distributable EPS $0.17 vs est $0.15

* Q2 rev $335.7 mln vs est $339.5 mln

* Sees Q3 distributable earnings $33-$37 mln

* Sees Q3 rev $295-$315 mln vs est $334.3 mln

Aug 4 (Reuters) - Electronic broker BGC Partners Inc (BGCP.O) posted a better-than-expected quarterly profit, mainly helped by growth in its brokerage revenue, but forecast weak third-quarter revenue.

For the third quarter, the company expects earnings of $33 million to $37 million, on revenue of $295 million to $315 million.

Analysts on average expect the company to earn 14 cents a share, on revenue of $334.3 million, in the third quarter, according to Thomson Reuters I/B/E/S.

For the second quarter, the company's net income was $19.6 million, or 9 cents a share, compared with $21.1 million, or 10 cents a share, a year ago.

Excluding items, distributable earnings were 17 cents a share.

Revenue rose 15 percent to $335.7 million.

Analysts on an average expected earnings of 15 cents a share, excluding items, on revenue of $339.5 million, according to Thomson Reuters I/B/E/S.

Revenue from brokerage rose 16 percent to $313.5 million, it said in a statement.

The company said the board raised its dividend by 55.6 percent to 14 cents a share on Aug. 2.

Shares of the New York-based company closed at $5.39 Tuesday on Nasdaq.

(Reporting by Swati Chitnis in Bangalore; Editing by Prem Udayabhanu) ((swati.chitnis@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 4135 5800; Reuters Messaging: swati.chitnis.thomsonreuters.com@reuters.net))