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Default Extract Part of String

Hi There,

Is there a formula with which I can extract part of a text-string ...
After the First "." and before first "Blank Space"?

eg.
Ped.Dry BeuatifulWeather.30 =results: Dry
Ped.VeryWet HellBreak.15 = VeryWet
Ped.Dry LA.La lala = Dry
....

All help, sugestions welcome
Sige