Cboe Global rises on Q3 profit beat, plans to sell some businesses

Derivatives exchange operator Cboe Global Markets' CBOE.Z shares rise 2.4% to $242.50 premarket

CBOE announces move to simplify its business portfolio as it looks to sharpen its focus on its core strengths

Co will initiate sale process for its Australian and Canadian businesses and exit U.S. and European corporate listings efforts; also aims to cut costs across several businesses

Move comes months after Craig Donohue took the helm at CBOE

CBOE's Q3 adjusted EPS of $2.67 topped Wall Street expectations of $2.53 apiece

Four of 19 brokerages rate stock "buy" or higher, 12 "hold" and three "sell"; median PT $255 - data compiled by LSEG

As of last close, CBOE stock up 21.2% YTD