UPDATE 1-NutriSystem Q3 profit beats Street, ups FY EPS view

* Q3 EPS $0.32 vs est $0.25

* Q3 rev $121.2 mln vs est $123.8 mln

* Ups FY EPS view to $1.12-$1.16 from $1.07-$1.12

* Shares up 5 pct after bell

Nov 1 (Reuters) - NutriSystem Inc (NTRI.O) posted better-than-expected quarterly profit on lower input and marketing costs, prompting the weight loss company to raise its full-year earnings outlook, sending its shares up 5 percent after the bell.

NutriSystem, which delivers prepared meals and grocery items to customers' homes, expects full-year profit of $1.12-$1.16 a share, up from its prior view of $1.07-$1.12 a share. For the July-September quarter, the company posted net income of $9.2 million, or 32 cents a share, compared with $8.5 million, or 27 cents a share, a year ago.

Revenue fell 4.1 percent to $121.2 million.

Analysts, on average, were expecting earnings of 25 cents a share, before special items, on revenue of $123.8 million, according to Thomson Reuters I/B/E/S.

Input costs fell 8 percent to $52.7 million and it spent that much less on marketing as well in the quarter.

Shares of the company, which competes with Weight Watchers International Inc (WTW.N) and Nestle AG's (NESN.VX) Jenny Craig Inc, were up 5 percent at $19.82 after the bell.

The stock is down 40 percent this year with the U.S. weight loss industry being hit, as many Americans choose to spend less on dietary products and schemes. (Reporting by Mihir Dalal in Bangalore; Editing by Vyas Mohan)