UPDATE 1-American Public Q3 profit in line with estimates

* Q3 EPS $0.27 vs est $0.27

* Q3 rev up 33 pct

* Sees Q4 EPS $0.42 vs est $0.41

* Sees Q4 rev $42.7 mln vs est $44 mln

* Shares up 5 pct

Nov 5 (Reuters) - Education provider American Public Education Inc (APEI.O) posted a quarterly profit in line with estimates, helped by an increase in student registration, and gave its fourth-quarter earnings outlook that was above market expectations by a penny, sending its shares up 5 percent.

American Public expects earnings of 42 cents a share on revenue of $42.7 million, the company said in a statement.

For the third quarter, the company reported net income of $5 million, or 27 cents a share, compared with $3.8 million, or 20 cents a share, a year ago.

The company, which provides courses related to military and public service communities, posted revenue of $36.5 million, up 33 percent from a year ago.

Analysts on average were expecting the company to earn 27 cents a share on revenue of $36.1 million, according to Thomson Reuters I/B/E/S.

Net course registrations from new students in the quarter increased by about 41 percent, while total student enrollment grew 44 percent, the company said in a statement.

Shares of the company were trading up 5 percent after the bell at $34 Thursday. They had closed at $32.53 on Nasdaq. (Reporting by Fareha Khan in Bangalore; Editing by Anil D'Silva)