UPDATE 1-51Job Q3 earnings beat Street view; Q4 outlook bleak

* Q3 results beat estimates

* Sees Q4 outlook below estimate

* Says recruitment market will be down in Q4

Nov 14 (Reuters) - China's 51Job Inc (JOBS.O) posted better-than-expected quarterly results but said that its fourth-quarter results would be hurt by the slowdown in the global markets and cooling of China's economic growth.

The company, which publishes a weekly newspaper and runs a namesake jobs Web site, expects non-GAAP fourth-quarter earnings of 6 cents to 9 cents per ADS and revenue of $27.2 million to $28.7 million.

Analysts, on average were expecting the company to earn 13 cents per ADS on revenue of $31.7 million, according to Reuters Estimates.

The Shanghai, China-based 51Job "expects that existing economic concerns will further slow hiring activity by employers this year."

For the third-quarter, the company earned 15 cents per ADS, while analysts where expecting 12 cents per ADS.

Revenue stood at $30.8 million, against analysts' estimate of $30.65 million.

Shares of 51Job closed at $6.32 Thursday on Nasdaq. (Reporting by Kuganandhan Paramanandan in Bangalore; Editing by Jarshad Kakkrakandy)