UPDATE 1-Diebold further raises FY outlook; shares jump

* Raises full-year earnings outlook

* Q3 EPS $1.16 excl items vs $0.64 market view

* Shares rose more than 9 pct

* Sees 20 pct growth in revenue in China

Oct 30 (Reuters) - Diebold Inc (DBD.N), a maker of automated teller machines, quarterly profit beat market estimates helped mainly by a 20 percent jump in revenue and a large order in China, and raised its full-year outlook.

The company further raised its non-GAAP earnings outlook for the full year to $2.53 to $2.58 per share. It had earlier forecast non-GAAP earnings of $2.40 to $2.45 per share.

The company earned $46.5 million, or 70 cents per share, compared with $28.1 million, or 42 cents a share, a year ago. [ID:nWNAB4888]

Excluding special items, Diebold reported a profit of $1.16 per share.

Analysts on average had expected the company to earn 64 cents per share excluding items, on revenue of $815.9 million, according to Reuters Estimates.

North Canton, Ohio-based Diebold, which is also known for its electronic voting machines, said it benefited from the 2008 Brazilian election revenue.

"We executed our business plans very effectively. As a result of our strong performance, we are again raising our full-year earnings guidance," Chief Executive Thomas Swidarski said in a statement. [ID:nPnCLTH037]

The company also said it expects revenue in China to increase more than 20 percent in 2008.

Shares of the company were up more than 9 percent at $27.77 in late morning trade on the New York Stock Exchange. (Reporting by Santosh Nadgir in Bangalore; Editing by Gopakumar Warrier)