HELSINKI (AP) - Nokia's profits and sales fell in the third quarter, with core network operations hit by lower demand in North America and Europe, but the company gave a positive outlook.

HELSINKI (AP) Nokia's profits and sales fell in the third quarter, with core network operations hit by lower demand in North America and Europe, but the company gave a positive outlook.

Revenue in the period was down 2 percent at 3.03 billion ($3.34 billion) from a year earlier while net profit plunged 20 percent to 152 million euros ($168 million). Nokia said profit was also hit by higher foreign exchange losses, interest expenses and greater tax payments.

CEO Rajeev Suri said Thursday that although he was "not pleased" with overall sales, performance of the networks sector, accounting for 95 percent of revenue, allows the Finnish company to raise its full-year outlook.

Nokia Corp. said it would also distribute 4 billion euros to shareholders as it prepares to complete the purchase of Alcatel-Lucent.