Visa's (NYSE: V) quarterly earnings increased by 26% from a year earlier, and its financial outlook for 2013 has also brightened, the company said Wednesday.

The Foster City, Calif., card network announced that it earned $1.3 billion in the last three months of 2012, or $1.93 per share. That beat the consensus of $1.79 from 32 analysts surveyed by Bloomberg.

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