* Q1 adj EPS $0.35 vs est $0.34
* Sees FY EPS $1.47-$1.52 excl restructuring charges
* Sees 2011 constant currency revenue growth of 3-4 pct (Adds details in paragraphs 1-3, 6-7, 8)
April 26 (Reuters) - Western Union Co , the world's largest payment transfer company, reported quarterly profit above market estimates, helped mainly by further improvement in its core consumer-to-consumer segment.
The Englewood, Colorado-based company, with 445,000 agent locations in more than 200 countries and territories, said it expects 2011 earnings of $1.47-$1.52 per share, excluding restructuring charges.
Western Union, which competes with MoneyGram International , expects constant currency revenue growth of 3-4 percent for the full year.
Net income for the first quarter rose to $210.2 million, or 32 cents a share, from $207.9 million, or 30 cents a share, last year. The company earned 35 cents a share, excluding restructuring expenses.
Revenue rose 4 percent to $1.28 billion.
Analysts on average had expected earnings of 34 cents a share, on revenue of $1.28 billion, according to Thomson Reuters I/B/E/S.
Western Union, which struggled during the financial crisis as remittance volumes declined, has been witnessing a turnaround since then, and had even raised its dividend late last year.
Revenue at Western Union's consumer-to-consumer segment that represents about 84 percent of the company's overall revenue, rose 5 percent in the quarter on transaction growth of 7 percent.
Western Union shares, which have risen about 15 percent so far this year, closed at $21.53 Tuesday on the New York Stock Exchange. (Reporting by Brenton Cordeiro in Bangalore; Editing by Gopakumar Warrier)