Universal Electronics Inc.

The Cypress supplier of remote controls and other products for home video and audio equipment said net income for the third quarter totaled $2.3 million, or 33 cents a share, 44% higher than the $1.6 million, or 24 cents a share, for the 1998 third quarter. Sales grew 19% to $28.1 million. The company said last year’s results exclude sales of $284,000 related to the company’s discontinued North American retail business.