Synopsys Swings to a Loss

Updated from 4:45 p.m. EST

Belying talk of a resurgence in electronic design automation companies, Synopsys(SNPS Quote) swung to a first-quarter loss, while revenue dropped by 15% year over year.

And the company said the low end of its second-quarter expectations expectations would fall below the current Street consensus.

The news pushed the stock down 50 cents, or 2.7%, in recent after-hours trading; the stock closed the regular trading day with a gain of 13 cents, which is less than 1%, to $18.80. ...