UPDATE 2-Hewitt Q4 profit soars, sees 2010 EPS above Street

* Q4 EPS $0.68 vs $0.32 a year ago

* Revenue falls 6 pct

* Sees 2010 EPS $2.85-$2.95

* Shares rise 5 pct (Recasts; adds analyst comments, background, share movement)

By Divya Sharma

BANGALORE, Nov 10 (Reuters) - Human-resource services company Hewitt Associates Inc's (HEW.N) quarterly profit more than doubled, helped by lower operating expenses, and it forecast 2010 earnings above market estimates, sending its shares up to a 14-month high.

Hewitt said it sees low- to mid-single digit net revenue growth in 2010, with solid growth in consulting and a flat performance in benefits outsourcing.

"The consulting business will be helped by currency benefits and continued steady growth in their core retirement and financial management practice area," William Blair & Co analyst Timothy McHugh said.

The impact of unemployment and pricing pressure on Hewitt's benefits outsourcing segment -- which accounts for about half of its revenue -- should be offset by some recent contract wins that will benefit the company late in 2010, the analyst said.