CD Projekt drops as analysts signal weak earnings momentum ahead
** Shares in Polish videogamemaker CD Projekt CDR.WA drop as much as 5.7%, as analysts call Q3 profit beat "insignificant" while expecting weaker earnings momentum in the following quarters
** CD Projekt on Tuesday posted a 61.5% drop in Q3 net profit to 78.1 million zlotys ($19 million), less than expected
** Analysts say though Q3 results were solid, investors feel they were not sufficient to assess future outlook with ease
** Given CDR's strong stock price performance over the last five days,"we do not rule out profit-taking by some investors", says Piotr Bogusz from Erste Group
** Bogusz points to weaker earnings momentum in the following quarters, lack of "clear beat" in Q3
** "CD Projekt reported good financials, slightly ahead of market expectations on EBITDA, but the beat seems insignificant", says mBank analyst Piotr Poniatowski
** Stock at the bottom of Poland's blue-chip index WIG20 .WIG20
Reporting by Marta Maciag and Julia Kotowska
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