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Create your text and give it a color.

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Create a new layer below the text layer.

Make a selection of the text.

Go to SELECT > MODIFY > EXPAND enter 10px.

Fill this selection with white. It will look like a stroke.

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Create a new layer below the White layer.

Make a selection of the white text.

Go to SELECT > MODIFY > EXPAND enter 10px.

Fill this selection with Red. It will look like another stroke.

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Select the red layer.

Hold down the shift + alt/option + Cmd/Cntrl keys, hit the down arrow once, hit the right/left arrow once......continue this until your happy.

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The other option for the 3D extrusion would be to use Ps's 3D engine if you have it.