* Q4 adj EPS 46 cents match Street view
* Revenue up 5.5 percent
* Forecasts 2011 EPS in range of $1.75 to $1.90
NEW YORK, Jan 24 (Reuters) - Bubble Wrap maker Sealed Air Corp (SEE.N) said its fourth-quarter profit slipped as costs rose, although sales jumped nearly 6 percent.
The company posted net income of $51.3 million, or 29 cents per share, compared with $65.1 million, or 37 cents per share, a year earlier.
Excluding one-time items, the company earned 46 cents per share. That matched the analysts' average estimate, according to Thomson Reuters I/B/E/S.
The company's cost of sales rose 8 percent between periods.
Revenue rose 5.5 percent to $1.21 billion. Analysts expected $1.2 billion.
For 2011, Sealed Air forecast earnings of $1.75 to $1.90 per share. Analysts expect $1.81. (Reporting by Ernest Scheyder; Editing by Lisa Von Ahn)