NEW YORK ( TheStreet) -- A surprising miss from Apple ( AAPL - Get Report) sent shares of the iconic company lower in after-hours action on Tuesday but the iPhone maker was by no means alone in drawing heavy trading interest after the closing bell.

Apple reported fiscal fourth-quarter earnings of $6.62 billion, or $7.05 per share, on revenue of $28.27 billion for its quarter ended Sept. 24. The average estimate of analysts polled by Thomson Reuters was for a profit of $7.39 a share in the September-ended period on revenue of $29.69 billion.

A shortfall in iPhone sales were responsible for the less-than-expected profit as consumers held off on purchases ahead of the company's next generation model, which turned out to be the iPhone 4S, rather than iPhone 5. Apple unveiled the iPhone 4S on Oct. 4, after the quarter's end, but the anticipation in the months ahead of the formal announcement was palpable and it apparently took a bite out of anticipated sales.

Apple said iPhone unit sales totaled 17.07 million in the quarter. Select estimates among analysts, who are almost uniformly bullish on the stock, included 20.4 million units from BMO Capital, and a view of the Street estimate at 19.8 million units from Jefferies.

The stock was last quoted at $395.19, down 6.4%, on volume of nearly 7 million, according to Nasdaq.com.

Cree

Shares of Cree ( CREE - Get Report) slumped in late trades on Tuesday after the Durham, N.C. maker of LED lighting components came in a penny shy of the consensus view with its latest quarterly profit and gave a disappointing earnings outlook for the current quarter.

Durham, N.C.-based Cree sees non-GAAP earnings of 25 to 28 cents a share for the three months ending Dec. 25 with revenue projected between $300 million and $320 million. The current average estimate of analysts polled by Thomson Reuters is for a profit of 33 cents a share in the December quarter on revenue of $310 million.

The stock fell 4.6% to $26.50 in late trades with volume below 500,000. Based on Tuesday's regular session close at $27.78, the shares were already down more than 50% so far in 2011.

Intel

Dow component Intel ( INTC - Get Report) blew past Wall Street's earnings estimate with its fiscal third-quarter results, sending shares almost 4% higher in the extended session.

The no. 1 chip maker posted adjusted earnings of $3.7 billion, or 69 cents a share, for the three months ended Sept. 30 with revenue totaling $14.3 billion, up 30% from last year's equivalent total. The average estimate of analysts polled by Thomson Reuters was for earnings of 61 cents a share in the September-ended period on revenue of $13.88 billion.

The stock was last quoted at $24.30, up 90 cents, on after-hours volume of 10.7 million, according to Nasdaq.com.

For the fourth quarter, Intel forecast revenue of $14.7 billion, plus or minus $500 million, which exceeds the current consensus view of $14.3 billion. It sees non-GAAP gross margins at 66% for the fourth quarter ending in December.

Other stocks seeing trading interest late Tuesday included Yahoo! ( YHOO), which rose more than 2% after beating profit expectations for its fiscal third quarter; Juniper Networks ( JNPR - Get Report), which was down just a penny with more than 1.7 million shares changing hands as its third-quarter report met lowered expectations and its fourth-quarter outlook underwhelmed; Intuitive Surgical ( ISRG - Get Report), which rose more than 7% to $411.50 on volume of more than 100,000 after the maker of the da Vinci robotic surgery system crushed Wall Street's consensus view for its third quarter by growing profits more than 40% on a year-over-year basis; and Hawaiian Holdings ( HA - Get Report), which leapt 11.6% to $5.49 on volume of more than 135,000 after the parent company of Hawaiian Airlines posted earnings of $25.6 million, or 50 cents a share, for the September-ended period.

-- Written by Michael Baron in New York.

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