shares of silicom slid in premarket trade monday after the company warned of a slowdown in the third quarter and posted lower profit in the prior quarter shares were recently down 23 to 2988 the stock is down about 74 for the year the provider of networking and data infrastructure solutions said its customers are drawing down the inventories they had stockpiled during a prior component shortages period these factors have impacted our revenue expectations for 2023 and may have an effect on our first half 2024 results president and chief executive liron eizenman said silicom expects thirdquarter revenue of 30 million to 31 million down from reported revenue of 392 million a year ago and missing analysts expectations of 441 million according to factset the companys outlook comes as it posted a decline in secondquarter profit which fell to 38 million or 56 cents a share from 45 million or 67 cents a share a year ago