Earlier he had projected earnings would total about $2.45 a share.

For the full year, earnings will total $4.86 a share, down from $5.15 forecast at the same time.

Earnings last year totaled $1.9 billion, a rise of nearly 10 percent from 1986.

The company said earnings in the first quarter totaled $1.62 billion, or $3.31 a share.

Earnings from the investment banking business totaled $211 million, up 54 percent.

The earnings would have totaled about 77 cents a share without the charge.

The company said earnings in the third quarter totaled $18 million, or 20 cents a share.

Schneider's earnings totaled $185 million, on sales of $9.93 billion.

Earnings for 1988 totaled $1.7 million, or 3 cents a share, on revenues of $3.6 billion.

Earnings in the first half of 1988 totaled $182 million, which was up 14.9 percent from the level of a year earlier.