UPDATE 1-Bridgepoint Q3 tops market; sees strong 2009 results

* Q3 EPS, exl items, $0.38 vs. est. $0.26

* Sees 2009 results above market expectations

* Total student population up about 80 pct

Nov 4 (Reuters) - Bridgepoint Education Inc (BPI.N: Quote, Profile, Research) posted better-than-expected quarterly results, helped by about 80 percent growth in total student enrollment, and forecast 2009 profit above market expectations.

For the third quarter, the company posted a profit of $22.4 million, or 37 cents a share, compared with $8.3 million, or 7 cents a share, a year earlier.

Excluding certain charges, net income was $22.5 million, or 38 cents a share.

Revenue rose 111 percent to $127.4 million.

Analysts on average were expecting earnings of 26 cents a share on revenue of $115.3 million, according to Thomson Reuters I/B/E/S.

Bridgepoint, which went public in April, also forecast 2009 profit of 65 cents to 67 cents a share on revenue of $443 million to $448 million.