Ltd. on Friday said it is expecting third-quarter revenues of about $375 million to $380 million after a slow summer and a strong US dollar that hurt sales.

Bermuda-based RSL also said it is also expecting a loss from operations, before depreciation and amortisation, of $40 million to $45 million for the quarter.

RSL further said it expects expenses to increase as a result of severance paid in connection with layoffs, primarily at company headquarters.