Apple Blames Europe, Speculation for Third-Quarter Miss

That view is below the current consensus expectations for earnings of $10.23 per share on revenue of $38.03 billion in the September-ending period. Kreher of Edward Jones attributed the weaker guidance "to a pause ahead of an iPhone 5 launch in October."

Apple shares closed Tuesday's regular session at $600.92, down nearly 3% on the day. Based on its closing price, the stock was up more than 45% so far in 2012 but it had pulled back since hitting an all-time high of $644 on April 10.

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--Written by Chris Ciaccia in New York

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