UPDATE 1-Guidance Software Q4 profit beats Street view

* Q4 adj. EPS $0.05 vs estimate of $0.03

* Q4 rev $25.2 mln vs estimate of $23.8 mln

* Shares up 29 pct

Feb 24 (Reuters) - Digital investigation software provider Guidance Software Inc (GUID.O) reported a better-than-expected quarterly profit, helped by higher product revenue, sending its shares up 29 percent after the bell.

For the fourth quarter, the company posted a net loss of $1.6 million, or 7 cents a share, compared with a net income of $317,000, or 1 cent a share, a year ago.

Excluding share-based compensation, however, the company earned 5 cents a share.

Total quarterly revenue rose 12 percent, boosted by a 15 percent jump in product revenue.

Shares of the Pasadena, California-based company were trading at $3.65 after the bell. They closed at $2.82 Tuesday on Nasdaq.

For the alerts, please double-click [ID:nWNAB6345] (Reporting by Mansi Dutta in Bangalore; Editing by Himani Sarkar)